This week is the second of four weeks in which I will be abstaining from the usual $250+ investment into the portfolio. This maintains the $250+ per week average. However, for anyone curious as to what I would have invested in, I present the usual material below.
This week, three of the portfolio holdings ranked in the Top Ten: MMM, QCOM, and TDS.
Ticker | Account Value |
MMM | 2,306.21 |
QCOM | 2,383.26 |
TDS | 1,778.40 |
The lowest amount belongs to TDS.
I spoke briefly about TDS last week, so I will not repeat that information again. However, this week I will add that when I resume investing in three weeks, I wouldn’t be surprised at all to find that TDS gets a series of installments. Or it may get a double shot that very first week, because at that point the current covered call will have expired worthless two weeks before (on May 19th), and I may be interested in acquiring an additional 60 shares, so that the next covered call can be on three contracts. Implicit in this strategy is that TDS remains in the Top Ten and that no one else performs so poorly as to become the number one stock for investment. My bet is that TDS won’t move appreciably until the next quarterly earnings report. That’s just the way it is with out of favor stocks – they have to prove to the market that they’re worthy of investment again. And as for another company performing worse – it isn’t likely.