Saturday, November 22, 2014

ABC - AmerisourceBergen

On 10/27/14, I initiated a buy on AmerisourceBergen (ABC).  I purchased shares at 78.99 just below the pivot point of 79.23.  

In hindsight, it was risky initiating a position 3 days before earnings without any cushion.  On 10/30/14, ABC beats earnings by 0.05 cents leading to a 6.4% gain for the day on volume 226% higher than normal.  I am up 7.4% for the day.

EPAM - EPAM Systems

On 10/28. I initiated a position in EPAM Systems (EPAM) @ $45.90 just below a pivot point of $46.09.  

The stock did well for the next few days until 10/31 when it dropped about 7% below my purchase price triggering my sell rule.  I was stopped out of my trade at $43.10.  The stock recovered towards the end of the day to close at a 2.31% loss.  In the days to follow EPAM's price has gone on to make new highs.

Following O'Neil's rules, I have to cut losses at 7-8% below the purchase price.  Going forward I will be setting price alerts to notify me when a stock is down 6% and make a decision then.  Wait till either close to the end of the day or end of the week to decide whether or not to close my position.    

Wednesday, November 20, 2013


Still reading the book.  Been reading the paper daily.  Difficult part is trying to develop a routine.

Took a position in $JAZZ at 90.92 on 10/23/13.

Probably premature to start buying since I haven't finished reading the book yet.


This year I have decided to take more control of my personal finances.  I have finally opened up Roth IRA’s for my wife and myself.  I also decided to finally rollover all our old 401ks to traditional IRAs.  The process itself was arduous but I am glad that it is done. 

In September, I ordered a electronic subscription to Investor’s Business Daily.  To take control of my investments I have decided to try the CANSLIM method outlined in William J. O’Neil’s book, “How to Make Money in Stocks” 4th edition. 

I will be blogging about my experience with this strategy for investing.