Every Monday morning before the opening bell a new 'Portfolio update' will be online. You will get:comments on our new 'Stock of the week' (if there is one of course), rating changes (see explanation of our ratings) on our other stocks and buy or sell transactions, if any.
Stock of the week
UQM Technologies is another typical small cap stock. Spending years and lots of money to develop a revolutionary product. Now it's time to start paying off. The first contracts have been signed and our guess is that lots more are on the way. Buy!
Other stocks in the selection
Two stocks, two directions. Puradyn (PFT) went down from $2.23 to $1.98 this week. This is a decline of more than 11%. Volume was quit small and no news was released, so nothing to worry about.
Pro-Dex (PDEX) on the other hand went up from $2.06 to $2.57. A terrific 25% move. Volume here WAS big. Lots of investors buying the stock. PDEX is already up 71% from our recommendation only 8 weeks ago. We're going to put PDEX on hold for now.
Remark
We will soon implement a few changes to our portfolio section. It is our goal to make it much easier to track our performance. In preparation of that we buy an additional 600 shares of Puradyn Filter (PFT) and 3250 shares of Miracor (MRDG) at current prices. That way we will own about $2500 worth of stock of each company. We will soon inform you of all the exciting changes we will make.
Rating changes
PDEX is now HOLD
PFT is now BUY
MRDG is now BUY
Transactions this week
Buy 750 UQM at $3.48
Buy 600 PFT at $1.98
Buy 3250 MRDG at $0.38
