Since we didn't make any sales or acquisitions, let's see how the ride we were along for went. Looking at the numbers, here are my observations:
- My critics will be quick to point out that Alcoa is over 12 and up about 25% in the last two weeks. I will remind them that we sold at 10.7 (far above where Alcoa started its recent run). I will also say, that I've shorted Alcoa at its present price in my personal account, the business is just bound to struggle for a little while and I'm still afraid they'll soon announce they are cutting the dividend.
- PNC is up almost 10%, I still think its a bargain. I'm looking to expand our position, but I think it will drop off a bit in the short term and give us a chance to get a bargain.
- We were behind the market overall (DJI was up 5.31%, we were up 3.35%), however the stocks we owned outperformed the market (money invested was up 6.17%). We only trailed the market because of our large cash position, which I still contend you'll thank me for later this month.