- So, there is quite a bit of hype around the AAPL iPhone. We have to admit, we have a few friends that have bought the thing and are crazy over the device. It seems that the phone is selling out also in a few places. While it certainly did not blow away the sales on day one given the hype, we think the long term pull of the iPhone will give sales lift to other AAPL products. In addition, while the current high level of the AAPL P/E is not our usual modus op, the forward looking potential of the impact of sales of the iPhone on earnings cannot be overlooked, therefore we think there could be a ton of upside in this stock over the next 9 months. However, the stock is a bit overvalued from what we usually like to invest so PLEASE only buy a half position of what you usually do right here. If there is more weakness we will add to it. Note: We also realize we sold this stock a few months ago for a nice profit, and if we had of stayed in, we would have made a lot more. Live and learn, we do not profess to be perfect, although our record is so far. This is an example of not listening to our own advice (the focused investing side as long term holders of good companies.)
- PCU. A pure undervalued stock with great future upside. This may become a long term hold for us.
- SAIA continues to get close, so we will continue to try.
- NYX has definitely shown some weakness. If there is 3 to 5% more, we will add to position.
- Summer weakness is here, there could be some potential downside in the markets over next 8 weeks, so tread carefully if you are trading.
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