'Tried and True' turn into 'Heartbreakers'

Talk about timing! Yesterday's post was a comparison of two baskets - stocks that have held up from the past week and a half storm versus those that did not. Good thing I did that post last night or else today all I'd have left are 'Heartbreakers'

Now in retrospect on a day like today you can get the best relative strength stocks on short term heavy dips. Best of both worlds. If you have cash and patience - something we all could always use more of...

I think from Friday's prices both portfolios would probably have similar results in 90 days; but on today's prices where many of these stalwarts were walked off the plank, I think the Tried and True portfolio will really outperform. It will be interesting to check back and review in a quarter.

As an aside I checked my favorite fund manager Mr Heebner, and in his one fund he runs most like a hedge fund CGM Focus, he cannot be having too good of a day either :) We have a lot of similar holdings, if not the same names - the same sectors. If his portfolio looks anything like mine today, I am sure he is not in the best mood hah. That said, his long term performance is outstanding so I am going with the same tact - the best stocks will get hit every so often. I was just off (applying all that cash Friday) by 24 hours, or I could of really set up the portfolio even better going forward. But on the bright side I love the composition of the fund now in terms of holdings and weight of each holding, now it's just a matter of the dark clouds to pass. Unfortunately, until we clear this S&P 1490 level the bias is still to the downside and bounces like this are more for selling than buying.