The Buy List Soars

I wanted to pass along a quick update today on the Buy List because we had an outstanding day. All told, the Buy List soared 2.13% which was better than 2.09% for the S&P 500.

That’s actually a lot better than it looks because our Buy List is designed to have a lower “beta” than the rest of the market, so it’s a surprise to see us beat the market on such a big day.

The other reason is that Nicholas Financial (NICK) ticked down to $9.19 per share right before the close. Even though NICK is a conservative company, it’s a very small-cap stock so it can get knocked around a lot on any given day. Bear in mind that just yesterday NICK reached a 52-week high of $9.60 per share.

I’m not saying I love NICK but it’s allowed to eat cookies in my bed.

Also, Joey Banks (JOSB) hit a new high and it’s up over 60% for us this year!

The Buy List is now +6.84% for the year compared with 4.09% for the S&P 500 (not including dividends). The Buy List is now at its highest close in nearly five months. So far, we’re up 11.29% in the second half of 2010.

Posted by on October 5th, 2010 at 6:39 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.