THQI increased by 140% during 1997. From the 52-wk. low, THQI quadrupled. The stock should reach $40 in 1998, and it may reach $30 by February. The earnings-related fervor will provide significant price movement.
Today, I sold my first bit of THQI. I sold the stock that I bought at the end of October, recognizing a 50% gain in 2 months. My selling of THQI (the first time in 2 years of being a shareholder) doesn't indicate that my bullishness is waning at all. In fact, the amount sold was about 3% of my total holdings. It is simply part of my investing plan. THQI is still my favorite stock for 1998, and it is still the largest holding in my portfolio.
In case anyone is interested, here are my top 6 recommendations for 1998. I've excluded chip-equip stocks, even though they may do well in 1998. The following stocks have favorable risk/reward profiles and together create a diverse, agressive-growth ensemble:
#1. THQI
1997= up 140%
1998= up 75%, based on a target of $40.
#2. SMTC
1997= up 130%
1998= up 120%, based on a target of $85.
#3. LUFK
1997= up 40%
1998= up 55%, based on a target of $55.
#4. CD
1997= up 40%
1998= up 30%, based on a target of $45
#5. CCSC
1997= up 50%
1998= up 45%, based on a target of $40
#6. NOV
1997= up 22%
1998= up 50%, based on a target of $20
I returned yesterday from a trip to LUFK, where the CEO gave me a day-long tour of the manufacturing facilities. Business is very good, and I suspect that the company may beat estimates for Q4 by 30%.
These 6 stocks comprise more than 2/3 of my portfolio, both because they have done well this year, and because I have continued to buy more. Good luck to all.
Happy new year.
Todd |
