This week, we were buying not selling...  

The DJIA was lower all five days while the SPY eked out a minuscule gain on Wednesday in the midst of a bad week overall.

Market Shadows Virtual Value Portfolio dipped along with the broad market but we took advantage of the sell-off to add to existing positions in PVD and BWP. Both were higher at the end of the week than they were when we bought more.

We added one all-new position by shorting some puts on Knowles Corp. (KN) in Market Shadows' Virtual Put Writing (Selling) Account. Knowles was a recent spin-off from Dover Corp (DOV). KN's stock also headed higher shortly after our trade and despite the market’s overall negative action.

Here's what we did: 

1. ‘All In’ on Boardwalk Pipeline Partners

We couldn’t resist owning another chunk of Boardwalk Pipeline Partners (BWP) in Market Shadows Virtual Value Portfolio after it dropped to a new low of $11.99 today. The 52-week range on BWP has been $11.99 (set today) to $33.00.  

2. Doubling Down on a Value Stock Today

We got another chance to pick up shares of Chilean-based pension fund manager PVD this morning and didn’t waste it. The Virtual Value Portfolio doubled our 42-share position at $78.94. 

3. Played a Recent Spin-Off with Options

We sold three contracts of the KN Sep. 20, 2014, $30 puts @ $3.30 per share.