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Weekly Market Commentary |
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2012 - February 06
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Timely and Complete Info for Registered Users Only. Aggressive Growth +24% ; Russell 2000 +12% The cogent and steady move higher in the stock market this year, continued into February. The Nasdaq made a new 52-week high, and is up ~12% for the year, while other key indexes inched closer to such highs. Earnings across the board are mostly exceeding expectations. Long-dead industry groups - housing and other economy-sensitive sectors - are surging forward. Semiconductors are rallying hard and strong, and that is a big positive for Technology. Where goes the Semis, there goes Technology; and where goes the Technology group, there goes Nasdaq. Consequently, Nasdaq has been catapulted to a new high before other major indexes. Small-caps are moving higher too. The volatility within this group will be high because of greater investor interest. We have Broadvision again on a rolling stop-loss (set stop-loss 10% below high achieved intra-day & inter-day). We have added new names and remain fully invested. Graycell Advisors
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2012 - January 30
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Timely and Complete Info for Registered Users Only. The stock market inched higher last week, continuing the forceful uptrend. There was not a lot of fireworks, but the market's tone was unequivocal. Slow and steady progress. The economic data shows growth strengthening, though still moderate compared to past economic recovery trends, and the Federal Reserve has committed itself to a benign monetary policy for an extended period of time, well into 2014. The market rally has been fairly broad, and even housing stocks have participated. Biotech and medical devices continue to attract a lot of investor attention. We had a very active portfolio last week, with Broadvision swinging to-and-fro. The volatility of this stock two weeks ago had moved us to put a rolling/rising stop-loss, and it served us well, as the stock touched a weekly high of about $45 from $27 at the beginning of the week, and then closed the week at $21. We have added new names and re-added mercurial BVSN. We remain fully invested. Graycell Advisors
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