Saturday, January 13, 2007

A good (Stock) week

This week has been good for couple of recommendations. When AAPL was added to the list on Dec 31, I didn't have any clue about Iphone. The AAPL recommendation was based on a speculation on good IPOD & MAC sales. Anyway, here is the summary for this week on the recommendations.

MRVL ------20.3 ( + 10.5% from 18.36 )
SAY --------24.3 ( + 15.2% from 21.09 )
AMGN------73.2 ( - 2.2% from 74.87 )
AAPL ------94.6 ( + 11.1% from 84.86 )

Net return is 8.65% from these four picks. In the next few weeks AAPL will most likely come down from its historic highs. But it is still a good bet for 2007. MRVL has some risks due to options backdating ( AAPL is also part of this club ) but in the next 4-6 months MRVL will have a significant return.
Regarding SAY- Infosys, which is another outsourcing play reported good earnings last week. We can expect reasonably good numbers from Sathyam too.
In comparison S&P500 was 1430 at the end of last week - up 4.8% from 1364 since November.

Good luck trading.

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