Raw Greed January direction

Posted on January 4, 2006 , filed under Stocks | Print This Post

The market closed up today. The biggest percentage gainer in my portfolio was BGO, Bema Gold Corporation, which was up 5% today. Gold is currently trading at $533.

I expect the market to seesaw a bit before finding its direction in early 2006. I believe that holiday sales numbers will come in stronger than expected for computer hardware and consumer electronics companies.

This month what I’m planning to do is to sell off WHI, W Holding Company, Inc., NT, Nortel Networks Corporation and LU, Lucent Technologies, Inc. I will look to increase my position in TSM, Taiwan Semiconductor Manufacturing Company Limited and UMC, United Microelectronics Corporation. Once 4th quarter revenue figures are announced for TSM and UMC, I will sell off a portion of my increased position and buy back WHI, NT and LU. I expect revenue figures for TSM and UMC to exceed analysts expectations. I will attempt to take a position in FLWS, 1-800-Flowers.com Inc. by purchasing 2000 shares of FLWS around $6.30. My strategy is to maximize the return from stocks on my watchlist that I feel will benefit most from a strong holiday gift giving season.

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