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Van Meerten Speculative Fund

Taracept added

May. 21st, 2013

Related Stocks

TRGT - Targacept

Sym	Last	Chg	Pct
TRGT	5.46	-0.01	-0.18%

Today I added Taracept (TRGT) to the Barchart Van Meerten Speculative portfolio for positive price momentum:

Barchart technical indicators:

96% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 28.27% in the last month
Relative strength Index 78.85%
Barchart computes a technical support level at 5.38
Recently traded at 5.58 with a 50 day moving average of 4.58

Tags: TRGT

JetBlue deleted

May. 18th, 2013

Related Stocks

JBLU - Jetblue Airways Corp.

Sym	Last	Chg	Pct
JBLU	6.37	+0.11	+1.76%

All of my model portfolios has different screening criteria: some based on technical momentum, some based on fundamental factors and some based on both. Occasionally a stock may meet the screening criteria of more than one portfolio. That happened with Jet Blue (JBLU). It was added to the New High portfolio when I screened for stocks trading over 100,000 shares a day hitting the most frequent new highs and at the same time was added to the Speculative portfolio because it was a stock trading under $10 the was hitting new highs.

Today I'm deleting it from both because it has reversed that former momentum:

Barchart technical indicators:

80% Barchart short term technical sell signal
Trend Spotter sell signal
Trading below its 20 and 50 day moving averages
7.74% loss in the last 20 days
11.54% off its 1 year high
Relative Strength Index 39.81%

Tags: JBLU

Older Posts

Peformance

Year-to-Date: 18.54%
Previous Year: 35.84%
Since Inception: 18.65%

About This Portfolio

About the Van Meerten Speculative Fund:
Jim Van Meerten shows you how to use Barchart to improve your portfolio's performance. This fund will hold approximately 40 stocks that trade below $10 per share, trade at least 25,000 shares per day and are experiencing new 20-day highs and sorted for frequency as indicated on Barchart. Because this fund contains stocks with low volume and low prices it will be more speculative than funds holding high volume and high priced stocks.

Marketocracy Honors - After evaluating over 100,000 model portfolios Marketocracy has added the Barchart Van Meerten Speculatrive Fund to their M100 Funds. Per their press release: " m100 members have proven long term track records, and serve as the ambassadors of our top performing members. We have thousands of excellent investors who are beating the market, but only 100 make this list at any given time."

Jim Van Meerten is an investor who uses Barchart tools to find interesting stock for Barchart readers. Please email any comments to JimVanMeerten@gmail.com.

Disclosure: I do not own any of the stocks I mention on this site.

Active Stocks

TLF, APFC, LEDR, CBK, HERO, RIMG, ACTS, CWCO, STKL, AXDX, JBLU, XOMA, BNCN, NVAX, UBFO, AIQ, ARRY, BBX, OCLS, VNDA

Portfolio Manager

Jim Van Meerten

Jim Van Meerten maintains two model portfolios on Marketocracy using the tools that are available on Barchart. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and post-baccalaureate and graduate courses in Business Administration, Quantitative Math, and Education at Florida Atlantic University, Georgia State University and University of North Carolina at Charlotte. In the past he has been an accountant, attorney, adjunct professor in Business Law and Internal Auditing, financial advisor, supervisory principal, and compliance officer.

He was the "The Amateur," playing against 5 seasoned veterans on MSN.com's Strategy Lab after winning a stock picking contest sponsored by MSN Money Central and Investor Place Media. He blogs about financial matters here and on Seeking Alpha and MSN's Top Stock Blog, He would enjoy hearing your comments at JimVanMeerten@gmail.com