(For more info go to Facebook.com and type in search box “Investing IQ” then search for Randall Williams to see the portfolio by clicking on Applications, then “Allow Application.”
CAKE nice setup for Value investors (my port is Growth. It’s always interesting when you see Value & Momentum, anyway…that would be CAKE. 4/6/10 4:23 PM
Saw you initiated a position in SIVB today. Never heard of it but everything about this company looks good after a fast screening, except that they don’t pay a dividend ^^ What do you see in it?
My portfolio style is growth, not value. I was wanting to add a regional bank, but was difficult to find the right combo of good chart pattern and a growth stock in this industry group. For instance, ZION is a value stock, but probably has more momentum than SIVB. In fact, SIVB isn’t even classified as a momentum stock at present, which could be in my favor if it gains momentum later. You can track this industry using these tracking stocks (ETF’s) such as KRE and for the sector (financials) using VFH. I wanted a bigger position (arouond 5%, but only had cash for half a postion).
They were saying on CNBC today (last hour) how that the low volume indicates how folks still don’t bellieve in this rally. Then Maria B. posed the rhetorical question, “What does it take for people to believe?” I broached this topic yesterday on the community message board, and it did not go over very well. Perhaps that proves my point! [My comments had to do with Mom & Pop investors still not believing in this rally, but it seems like most people don't understand why that is important, and in a good way, for the bulls.]
My question is, who cares if they don’t? What does it matter? It’s not our job to convince people. I’m actually not a true believer but I’m riding the trend. I’m lagging because I took money off a while back waiting for a pullback that never came. I think we can ride higher than this but I will probably take start to take some gains off if we move much higher.
Great question, thanks. In my opinion, it is a very good sign that people don’t believe in any given rally. That means that the rally has “legs” (potentially more room to rally). So, I think it matters a lot. I think it also helps to look at bonds, because a lot of money was going into bonds over the past year, all the while missing perhaps the biggest rally in market history. When people hate stocks, that is good for being long. In the laste 90′s everyone love stocks, and the market was actually very tricky (I remember the best performer of 1999, which was QCOM, gapping down over 40 points, to rally back later).
See post last week on my message board (below): <<Bullish market break if SPY holds here above the 117.30 level…it could be an end of quarter headfake.>> SPY now at 118.50+ ….It was an interesting and tricky time for the market, with eight, yes 8, doji’s and spinning top candles at or near that very level. 4/5/10 10:30 AM
CREE: You may remember seeing the stock reco on the Maximize401k.wordpress.com blog from a few months ago. Wow, that was weird, just as I was typing this, they were talking about it on CNBC. As far as the p/e is concerned, it was be well below 50 in a few months (perhaps less than 6 months). Tremendous growth. If anyone had wanted to MAXIMIZE their 401k (the new pension plan for Americans, even for state pension funds, such as Nebraska, the Warren Buffet state) – this would have been the stock to buy, as Maximus indeed reco’d !!! 4/5/10 10:24 AM
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