Sorry for the late night post – I promise to make it up to you tomorrow – maybe I will try for as many as 4 posts tomorrow. That is the plan anyway. Nonetheless, I wanted to give you all an update on my portfolio – which currently has Barnes & Noble (BKS) and Ugi Corp (UGI) in it. UGI gave back most of its gains today, so that I am just a shade above break-even, while BKS recovered off of the morning sell-off and finished in positive territory. I am inching my way close and closer to my 1st target price in that holding.
I have to admit though, that this market does have me worried to a certain degree, in that this thing has to pull back or it will do exactly what it did in late January, and that is exasperate all of its buying power, and then just tank hard. I would undoubtedly prefer to see this market steadily pull back after making new highs each time.
Here are the charts on BKS and UGI
Click here to see the chart on BKS.
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