LET'S GO INTERNATIONAL AND "DIVERSIFY"

My trading rules state only 5 stocks should be in my portfolio if I have between $250K and $1 million (See September 14th blog). Well, all the stocks that I have money in are well overextended and not in a buy territory and I still have money sitting idle in cash. Since the overall market is in a rally, I need to be 100% in the stock market and 0% in cash. So I pared off some of my OMCL and used up my cash to buy NBG. Below is the reason why.


In scouting for stocks that are breaking out, I cam across NBG which is just out of a cup and handle. (click on this to read about the chart pattern) The proper buy point is $12.89 thus making the maximum buy point $13.53.

Here are my purchases:

NBG BOUGHT 3900 @ $12.91 ($50,356.00)NBG BOUGHT 1000 @ $12.93 ($12,937.00)
NBG BOUGHT 1100 @ $12.9199 ($14,211.89)
NBG BOUGHT 100 @ $12.9199 ($1,298.99)
NBG BOUGHT 2800 @ $12.91 ($36,155.00)

Here is my OMCL transaction:

OMNICELL COM INC (OMCL) BOUGHT 700 @ $23.4253 ($16,397.73)
OMNICELL COM INC (OMCL) BOUGHT 1,000 @ $23.5829 ($23,582.93)

OMCL SOLD 700 @ $27.95 $19,565.00
OMCL SOLD 500 @ $27.9801 $13,982.83
OMCL SOLD 500 @ $28.0001 $13,992.83

Also, here is the graph of the portfolio that I am following. Again, the picture comes from the Scottrade account that I am managing. Account balance as of 06/01/2007 was $20,000. Currently it sits as $44,331, a 122% increase. The only stocks being held in it now are JASO and MR.



GOOD LUCK TRADING.
JD