Over the past month the StockTwits Top 10 portfolio was crushed (down over 3.3%) even though the S&P 500 Index (SPX) was up. The under performance in the portfolio came from a stock that had characteristics that I warn about often. Walter Energy (WLT) is a low priced stock and was also in a clear long term downtrend. It made last month’s list because it was experiencing a strong dead cat bounce. It ended the month down more than 45%. Let this serve as another warning to never buy this list blindly.
It’s the first Friday of the month so it’s time for new picks. The portfolio picks the ten most bullish stocks on StockTwits from the previous month.
Here’s a performance chart and details of last month’s picks. I’ll update them with closing prices sometime over the weekend.
|Start Date||Symbol||Shares||Start Price||Start Total||End Price||End Total||% Gain / Loss|