Time for an update

It has been about 3 months since the last post - there is a mention of INFY having their quarterly report in the previous post and INFY managed to have one more quarterly report before I could post another Blog !! The market has been very generous in the last few months, lot of TECH stocks have hit historic highs - AAPL, GOOG - to name two.

A quick look at how our three picks have done:

MRVL 16.85 ( down 8.2% from 18.36)
AAPL 184.7 (up 117% !! from 84.86)
SAY 29.84 (up 41.4% from 21.09 )

The average return from these 3 stocks is 50.3% !!! In the same time S&P 500 is up by 12.8% ( to 1552 from 1361 ). The three picks have done amazingly well indeed. Thanks to AAPL stock doubling in less than 6 months. After including the 22% loss from AMGN - which was later dropped from the list - the average return is still 32.2%.

AAPL, of course had a very good quarter with MAC sales increasing and Iphone sales picking up. The general belief is that AAPL will continue this ride at least till the Christmas season. SAY, surprisingly, did not get hurt by the weakening Dollar. Other Indian IT companies - like INFY - have been taking a earnings hit due to weak Dollar. I would still like to stick with MRVL for few more quarters. MRVL hasn't done very well in the last year but hopefully it will turn around very soon.

With lot of stocks at historic highs, it may not be a good time to get in the market. There is FED meeting coming up this week. It might be better to wait and watch rather than start buying stocks now.

Good luck and happy trading.