November 29, 2013
Comment on Model Portfolio activity
We took profits in Ascena
Retail ahead of Monday’s earnings since the share price is at its high for the
year. We also added to our Alcoa position during the week.
Markets remain at their
highs and the correction better hurry if it is to beat the year end rally. Or
maybe the year end will see a correction and not a rally. Inquiring minds and
investors await the resolution.
*****
November 22, 2013
Comment on Model Portfolio activity
During the week we took profits in Merck, Aeropostale, and Deere and repurchased NVDIA and GE.
We have reduced our retail exposure to Abercrombie and Ascena Retail. Having sold Aeropostale we may repurchase JC Penney before year end.
The market rise continues and the time for a correction this year is getting late but never underestimate Mr. Market.
*****
November 15, 2013
Comment on Model Portfolio activity
During
the week we purchased Altera, a chip company, and added to Ford while
repurchasing Cisco after it dropped 15% on earnings disappointment and Alcoa at
10 lower than we sold a few weeks ago.
Markets
don’t seem to want to go down but we continue to expect a pullback before a
year move higher.
*****
November 8, 2013
Comment on Model Portfolio activity
In keeping with our pullback
in November theme we sold several stocks to lock in nice profits while keeping
about 50% plus exposure to the markets in many accounts. We don’t think the
correction will be severe but markets are extended and need a rest before the
push into year end.
When Abercrombie dropped 15%
this week we realized our exposure to retail was too large and so we eliminated
JC Penney, and American Eagle. We like both companies but JC Penney is lesser
quality than Aéropostale and American Eagle is of equal value with
Abercrombie and Ascena.
The Employment numbers today
were excellent and so the markets vacillated because good is bad in these
markets as good may lead to the Fed tightening a bit-or so the thinking goes.
Sometimes there is too much thinking.
*****
November 1, 2013
Comment on Model Portfolio activity
We realized nice
trading profits in Expedia and Verizon during the week. We also added to Sony
when it dropped 15% on negative earnings news, and added IBM in larger accounts
when it dropped 10%. We expect a pullback in November and then a rally into year
end.
*****
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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