Monday, September 17, 2007

DRYS Slows Portfolio A1’s Advance

After rallying impressively over the past three weeks, Portfolio A1 lost momentum last week, due in large part to a 8.5% decline for the week in DryShips (DRYS), after JPMorgan expressed some concern about the drybulk sector.

With four of the five holdings in the red, the portfolio has relied heavily on fertilizer stalwart Mosaic Company (MOS) for capital appreciation, but even with MOS’s 24.4% one month gain, this one-legged portfolio does not have enough forward momentum at the moment to credibly threaten break even soon. Still, with the FOMC about to make a highly anticipated rate cut decision on Tuesday, anything can happen, even a sustainable surge.

There are no changes to the portfolio this week.

A snapshot of the portfolio is as follows:

0 comments:

Post a Comment