Model Portfolio Daily Update: December 29, 2010
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Freeport-McMoRan Copper & Gold Inc. (FCX) closed above its price target of $118.70 and will be assumed closed at the end of the next trading day.
Of Note:
There are two trading days left in the month. Our model portfolio, which will be rebalanced on Friday, will include FCX and a number of other stocks we that have recently hit their target. Selling these stocks is probably not the best action to take but as always we leave it up to the readers discretion.
About this report
This daily update is a supplement to a monthly report dated November 30, 2010 that details the model portfolio strategies of Ascendere Associates LLC (“Ascendere”). For more information, please see our list of frequently asked questions, suggested tips on using our newsletter or an interview with us on Covestor Live. See also our long-only model based on actual trade data. Please see our disclosures and disclaimers at the back of this report.
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