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Wednesday, May 12, 2010

Update on LMP

After the sell off last week, we were able to buy the stocks we have wanted to add to our portfolio for quite sometime.

Unfortunately, we weren't able to take advantage of the -10% intraday move. That would have been a great move, but since this is an end of day portfolio, where our purchases are made at open prices, buying the shares during an intraday move is dishonest since it's not replicable and I could easily say I bought at the bottom.

This way, buying at open, is not only repplicable but also the most transparent way in my opinion to display the results, other than through an audited track record.

Anyway's, it seems that our wait paid of, since before we were beating the S&P500 by 44% points, and today we are beating the S&P by 51.22% points, which translates to an increase of 7.22% on our overperformance.

Let's hope the portfolio keeps overperforming in the future.

So far this is how the portfolio stands:
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