Window Dressing

Friday June 15, 2012
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		Window Dressing   by Rob Goldman     Here we go again. Tis the season for yet another round of portfolio window dressing and speculative bets.  The window dressing usually starts around the first week of the last month of the quarter, but with some mutual fund fiscal years ending in June, and the wackiness of the market, we are in the center of that period today. After all, it is the exact middle of the month.   Portfolio window dressing is a portfolio manager's way of hiding his bad investments and making it seem as if his good investments were sound.  Basically, it is a tried-and true method of making poor performance appear as if it is the fault of the general market, rather than poor stock-picking skills.    The first quarter of the year was extremely strong, especially for NASDAQ and small-cap stocks.  However, the second quarter has been anything but strong.  In fact, the Russell 2000 Index has declined by roughly 8.4% thus far this period. So what professional money managers are doing right now is selling their losers (lest they be listed on their holdings page), and buying the winners of the quarter.  The bigger the name, the better it is for them. And if it's a recent winner, that's a bonus.   To read more click here >> or visit http://www.pennystockjunction.com     An Undiscovered Play on Mobile   by Rob Goldman     An oft-cited quotation that has taken hold in our society in recent years is: "It's evolve or die, really, you have to evolve, you have to move on otherwise it just becomes stagnant."  This quote comes to mind each time I perform due diligence on companies that have managed to somehow stick around for a while.   Some firms, such as MeetMe (NASDAQ: MEET) and Unwired Plant (NASDAQ: UPIP) changed their names from Quepasa and Openwave Systems, respectively, for branding purposes and to reflect shifts in business models. Others just changed, period.   One could argue that in the business world in the 21st century, the key to survival is evolution.  In truth the key to success is a combination of innovation and evolution.  With that in mind, I had to chuckle as I was doing some research in an effort to find a company that has made that very innovation/evolution leap.       To read more click here >> or visit http://www.pennystockjunction.com

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