Got one right..

After years of buying and selling stocks in almost random fashion, finally bought one based on data and good amount of confidence - SWKS. I came across this company after looking at teardown reports of Iphones.  After reading up little more about them, started thinking that no matter which smartphone maker (be it AAPL, Samsung , LG or Xiaomi) wins in the market, the component makers should do well. In addition to the smartphone business they also had other business. Overall I felt fairly confident they will do well, at that point stock was $25!

I held the stock for few quarters and in my opinion their earnings report also looked strong. But for some reason stock was in the range of $20 to $30 for whole of 2013. I started thinking may be I missed something and was not sure why the stock is not going up in spite of good reports. In 2014 it went up from $30 to $74. Unfortunately I was not there for the full ride. I started taking profits as soon as it crossed $30, and sold more after $40 and closed the position close to $50. (Bought a little bit when dipped but it is much smaller amount than original position). Beginning to understand this is a long term game - may be stick to one for 2 to 3 years to make some profit.

At the time of writing this post S&P is trading at $205 with PE of 18. In the last 5 years it has almost doubled. Like I mentioned in earlier post, I sold AAPL completely, it is not trading at $110, with PE of 17.

I am looking at few stocks now, would mention WFM and DECK. WFM has bounced back to $50, after falling from $65 to $40. With PE at 32, it does not seem too cheap. DECK at $90, with PE of 22, also seems like a good bet. Lets see what happens..