In talking to Lange Financial Services this evening on the markets and their recent recommendations on individual shares, we are posting this update below.
Some of the stocks that we have recommended to accumulate during weakness recently have started to act very well. Price gains are today are approximate unless noted, showing the benefits of accumulating strong stocks on periods of weakness.
AAPL +20.00 in past three days
GOOG +10.00 past three days
DECK +3.00 past two days
We would continue to accumulate these shares during periods of weakness.
Selectivity is becoming more important given the fact that the market has enjoyed a sharp advance over the last 6 months. Some other stocks that we view as attractive and less volatile include:
The market today reached the highest level today since June 2008. After the close, recomended Qualcomm (up 3.00) and Netflix reported substantially better than expected earnings. We continue to expect further market strength in the months ahead. We would add to or initiate new positions in the aformentioned stocks during periods of weakness.