TGT, ANF and NTE again

ANF was closed at $63.2 today, about 20% higher than the price when I recommended on July18. Today's 14% jump is due to an unexpected strong 2nd quarter report and full year forecast. If you read my previous post, I predicted its strong numbers, and 20% stock price increase by 3Q. It came earlier than I expected. I sold all ANF shares today.

TGT was closed at $49.3 today. I recommended when it was $45.5 on July18, 10% higher in 1 month!

We do have one disappointing little brother - NTE was closed at $15 today, almost 25% lower than the price on July 19, when I recommended. I indeed doubled my position when it went down to $17. (A little too early). I am not buying more, as my position already reaches my portfolio limit for one single stock (never put too many eggs in one basket).

Also, I am cautious about the market trend in the next 3-6 months. I am slowly selling my portfolio now (today's ANF sell is a part of the activities). While it is never smart to predict the market trend, I try to adjust my portfolio to 50% cash and 50% equity - to be prepared.

NTE

What do you need most in this market right now? Cash and patience. You need both to get great deals. Here is one today.

I recommended NTE a few days ago when it was around $20. It was closed at $16 today!
This is a steal with virturally no downside risk. I bought a bunch, and double my position when it was $17. If you buy tomorrow, you will get a better deal than I do.

The market has been irrational for a while, many stock went down sharply just on a not-so-perfect quarterly reports. NTE is one, WFMI (Whole Foods) is another. It went down over 10% this week, closed around $51. I admire this company - a truly customer-oriented company. we shop grocery there 2-3 times a month, employees are polite and has the great sense of ownership. (think of Walmart).