January 25, 2011 Trading Recommendations Update. Look To Take Trading Profits On These Stocks.

[ 0 ] February 7, 2011 |

On January 25, 2010 we made a blog post with individual stock recommendations from Lange Financial Services. I have posted an excerpt from the actual post below. LFS recommended cloud computing companies: Salesforce (CRM), VMware (WMW) and and F5Network (FFIV) for trading accounts. Both stocks had declined sharply at the time of the post. The shares are now up well since we posted the call on the blog. While the outlook for these stocks are excellent, we would view further near term strength as an opportunity to accept short term profits.

We recommended these stocks as trades and now recommend completing the trade and selling the shares. We do not want to turn a trade into a long term holding. In no way are we negating excellent growth and prospects for either company.

CRM 123.97 now 137.94
VMW 83.55 now 89.68
FFIV 105.50 now 126.51

These are approximate prices during the day purchased and the prices currently at the time of this new post.

EXCERPT FROM POST
January 25, 2010

“Market action today was excellent. Down about 80 DOW points in mid afternoon, heading towards what was seemingly going to be a sharp down day, stocks rallied sharply led by IBM, APPLE, and GOOGLE to end off only 3 DOW points. We view these three stocks as very attractive for investment accounts. Both the NASDAQ and S&P 500 ended up on the day. Coal stocks began acting better, led by statements from Peabody (BTU) in its conference call. Higher coal prices and earnings by the company were projected, carrying into 2012. US Steel ( X ) was up $2.86 on the day, despite a larger than expected 4th quarter loss, with strength reflecting higher steel prices. Cliffs Natural ( CLF ) should be a beneficiary of higher steel prices, being a very large producer of iron ore. Decker, Intel, Qualcomm, Vodafone acted well. Cloud computing shares including VMW, CRM, and FFIV also stabilized. We would view these stocks as trading vehicles at this time.”

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Category: Markets and Trading, Technology