|
|
Deferred Compensation:
Updating DC Account for 2006
| Current active position (s) and open limit buy orders. Closing portfolio for 2005.
The Mission:Entered on 09/11/2005 MSFT buy on May 17, 2005, had charts indicating the bottom was attained at 23.75. This bottom is formed after a gap down from the November 2004 high of 30.25. The rational of the trade is to hold MSFT until this gap is filled. Currently, the trading is in a consolidation pattern support is at the 50 EMA. The margin cost on this position at 150.00 per month. PFE limit buy order was placed on 09/11/2005, and will be placed at the open of the market on 09/12/2005. The limit order is for 1500 Shs of PFE @ 25.85 GTC. The charts are showing a bottom at under 25.00. The double bottom and pursuing up trend has PFE trending up. Another factor on the positions is the ratio of the S&P 500 relative to the Big Pharma index. As noted in a Street. com article on 09/07/2005, the Health sector has made large gains in the last month, and the Big Pharma's are following: the defense stocks against an impending down turn of the S&P 500. The buy order executed on 09/13/2005. PFE now a holding position. See charts below
Chart Information:PFE
PFE one year and six month charts: At the trade set up.
The target price on MSFT is 30.25, and for PFE is 30.00. |
|
Send mail to matthewtb@msn.com with
questions or comments about this web site.
|