May 2010 Trading

To start with the good news, May was a good month for accumulation.  I processed 10 buy transactions which is the fourth highest month to date.  At month end, I'm 97.5% invested and would have been further soaked if not for a need to reserve some cash for an expected need at the end of June.  And dividends will begin flowing from these accumulations in June which will have no less than 4 dividend payouts.

However, I made no sales and collected no dividends in June.  Thus, no gains were realized for the second month since trading began.

My current holdings and unrealized gains/losses are as follows:

• Exxon Mobil - Down 9.6% - Div payable in June
• Exelon Corp - Down 14.3%- Div payable in June
• FirstEnergy Corp - Down 7.0%- Div payable in June
• Telecomunicacoes de Sao Paulo - Down 2.9%
• Telecommunications Systems - Down 17.1% - Expanded holdings during the month to have a fairly substantial holding, purchased at attractive prices.  Unfortunately, the stock is quite depressed at the moment.
• National Grid PLC - Down 9.1% - Goes ex-div in early June
• Total SA - Down 2.1% - Semi-annual dividend payer, took a bit of a dip when it went ex-div in May, but took lots of other market driven dips too. - Div payable in June
• Sempra Energy - Down 2.3%
• Harsco Corp - Up 3.3%
• Nokia - Up 1.1% - Small holding.  This one actually scares me a bit.  Lots of bad news lately, but the price was too good not to dip a toe in.