Since my last portfolio update, I have only one change to document. On Wednesday, the 29th of August, I added to my JNJ position. This purchase occurred near the first Fibonacci extension level from it's most recent high. Since then, JNJ has already bounced back up and closed above my purchase price for this position.

As confirmation of my plans for future purchases, I will be focused on adding to my current positions.  The speculation portion of my portfolio continues to be put positions against FB as I didn't sell when my principle was doubled at the beginning of August. Although FB didn't rebound much before starting to go down again. Because it's price is eroding so slowly, I have also watched the value of my puts erode as well. I personally believe FB has much more to go down (Facebook Not Remotely Worth 38$) so I might be able to regain some profitable value before their October expiration. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

FB - Facebook, Inc.
JNJ - Johnson & Johnson