If you panicked late last week, early this week.

[Fish2006]

Well, you got ****ed!

Nice little rally here, getting a couple percentage points back. While people who call bottoms have another name... called lucky, you would have done pretty well with the stocks we talked about on Tuesday. How are we doing with this weeks portfolio:

ACN was 34.81, now 35.74 (+2.67%)
INFY was 52.92, now 54.07 (+2.17%)
ABB was 16.12, now 16.92 (+4.96%)
FLR was 87.91, now 90.15 (+2.55%)
GE was 34.67, now 34.47 (- 0.60%)

Overall, up 2.35%
Market, up 1.02% (since Tuesday morning at post time, defined by S&P 500 index)

ABB was the best play here. Now, the morning we bought, they had just had a rating cut. When a good company with good fundamentals like that gets a rating cut, its pretty much time to buy. And people did, putting it up almost 5% on the week - an amazing move for a company of that size.

GE will always be a part of the portfolio that makes the overall number go slower. Seeing them down 0.6% probably has more to do with currency movement than anything. Owning GE is almost like owning a bond.

Everything else is a continuation of the capex spending play I outlined before. I think you keep going with it for a few more weeks, with an orderly scale out once you get a 10% profit in any name.

[Kevin]

I love GE!

[Daws1089]

nice job!