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I knew that my brother buys widely held stocks plus a few overlooked growth
stocks so I just asked him for his portfolio so I could see where his
stocks stand in terms of their highs. Below is the list along with the
highs, current price, correction, if any.
C 51 3/4 44 1/16 -15%
T 64 1/8 45 1/4 -30%
SUPC 47 1/4 21 -54%
LU 79 3/4 69 13/16 -13%
CNCX 57 5/8 20 3/8 -62%
BLS 51 3/8 43 7/8 -15%
UMG 81 7/8 66 1/2 -20%
SBC 60 49 13/16 -17%
EMT 52 1/2 7 3/8 -80%
Average correction/drop is 22% if you take out the highest and lowest,
(EMT and LU). His portfolio is a bit overweighted in telecommunications
but that's my fault. SUPC is growing at over 30% year but like most
smaller caps is ignored and I too hold CNCX and have no idea why it doesn't
do better. It's had two strong recommendations in the past couple of weeks
with targets of $45... I still like it and hold it.
I doubt anyone would believe that my brother bought these stocks anywhere
near their high and he didn't of course .. He has very nice profits in
several of them.
In any case, like a 20+% correction? Pick your own portfolio .. Use NYC
stocks or NASDQ or a combination of both. Just don't use internets as they
will distort the figures low and don't use in vogue cyclicals as they will
weight it high. See what you get.. I've "thown darts" and come up with 25
- 45%. Could it have already corrected while we were watching averages?
Bob
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