So far this month the Twitter Top 10 portfolio has given back about half of last month’s gains. Two stocks are contributing to the losses. Uni-Pixel (UNXL) and Molycorp (MCP) down 13.8% and 27.6% respectively. Both of them were in long term downtrends when they entered the list at the first of the month…and you know how I feel about buying stocks in downtrends. First Solar (FSLR) is the largest gainer up almost 18% on the month.
Another drag on the portfolio is profit taking in the momentum stocks. LinkedIn (LNKD), Yahoo (YHOO), and Yelp (YELP) are all suffering losses. While the other momentum stocks are mostly lagging the S&P 500 Index (SPX).
The portfolio as a whole is down 3.09% from the first Friday of the month, but still up 28% on the year. Below is a performance chart and details for the current holdings.
|Start Date||Symbol||Shares||Start Price||Start Total||End Price||End Total||% Gain / Loss|