Baidu.com (BIDU) I am adding back at $310s (sold earlier this week in mid $320s) - this is just below the 200 day moving average - back to 0.7% stake (chart below does not show the 200 day in the correct place)
Apple (AAPL) I am adding back in the $173s (sold earlier this week in mid $170s) - back to 0.5% stake
I could simply be impatient, but it's been 6 weeks waiting for a real sell off in these names ;) Maybe if S&P 1225 breaks and we get to 1200 or 1170s which is next support someone will actually sell these names in quantity so I can scoop them up at prices I prefer.
In case you've been living under a rock or in the Halls of Congress and are oblivious to the real world, Apple launched it's new iPhone today - usually there is a sell the news reaction but this stock in unbreakable right now. Pooring Americans will give up their Apple gadgets only from their cold steely hands it appears. I'll add more if there is true waterfall type of selling that destroys every name but thus far these two have held up.
With growth so precious (and becoming more so by the day) the stocks that have it might be getting even better multiples in the quarters ahead.
Long both in fund; no personal position
7 comments:
Mark,
If you can do this many people will thank you for it...
http://finance.yahoo.com/echarts?s=braix#chart4:symbol=braix;range=1y;compare=fcntx+^gspc;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
I still have limited funds in each to keep them open and I am confident these two will be in great shape to add my cash back in when the bear market starts to fade (whenever that is...) should be over by November due to 2nd half recovery ;).....
I can't seem to add links so just go to yahoo charts and compare FCNTX, the SP, and BRAIX for the last year... you will see what I mean...
Also I have been in cash most of the week because I don't feel like being short (market oversold) and I have not seen enough positive news to go long... a great time to focus on other activities and to take time to learn about the market...
I do think we are getting near a sharp upward bounce though...
Of course, you've actually made money since August so that is Mo' better...
Hi, I'm up 16% since last August so I am outperforming those funds
In fact, other than Heebner CMG Focus and one Janus fund I think I'd be the top non natural resource/foreign fund. They will have the June stats out soon - since I was flattish for the month of June and the market was down 10%ish I believe I'll have a big gap between me and the next best fund in mid cap growth
If you go to the right margin and click on Monthly performance versus peers you will see I'd be the #1 ranked mid cap growth fund in America if I was "real".
That was based on may numbers, I expect June to be even better
July? Not so great ;) Can't dominate every month.
if you ever have a long link just go to tinyurl.com - copy and paste the link there and then paste the new tinyurl link here. They shorten long links - its a nice feature
FRE up from 4 to 8 (100% return) same day....
Now you tell me. Why not post us the info when it hit 4? :)
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