We were busy picking stocks this week. On July 21st I selected Simpson (SSD) at a price of $40.75. SSD closed on 9/5/03 at $44.14, a gain of $3.39 or a gain of 8.3% to date. DSP Group (DSPG) was selected on 7/21/03 at $25.23. Currently, as of 9/5/03, DSPG is at $28.10, a gain of $2.87 or a gain of 11.4%. Finally, on 7/21/03, IDEXX Lab was selected (IDXX) at $38.29. As of 9/5/03, IDXX was trading at $41.60, a gain of $3.31 or a gain of 8.6%.
July 22, 2003, was a day for two selections: Cognizant Tech (CTSH) at $30.22 and Vital Images (VTAL) at $21.66. CTSH closed on 9/5/03 at $38.77, a gain of $8.55 or a gain of 28.3%. VTAL closed at $23.54 on 9/5/03 for a gain of $1.88 or a gain of 8.7%. Recall that these gains or losses are all over a period of only 5 weeks.
On July 23, 2003, only QLTI was selected at $15.39. QLTI closed on 9/5/03 at $13.51. This represents a loss of $(1.88) or (12.2)%.
On July 24, 2003, Columbia Sportswear (COLM) was selected at $52.00, Sierra Healthcare (SIE) was selected at $27.09, and Fair Isaac (FIC) was picked at $55.42. As of 9/5/03, COLM closed at $51.90 for a loss of $.10 or a loss of (.2)%. SIE closed at $20.55 for a loss of $(6.54) or (24.1)%. FIC closed at $59.99 for a gain of $4.57 or a gain of 8.2%.
Finally, on 7/26/03, actually on a Saturday, I wrote up Zoran (ZRAN) which closed the prior day at $27.28. Currently ZRAN closed on 9/5/03 at $25.50 for a loss of $(1.78) or (6.5)%.
In summary, during the week of 7/21/03, I made ten selections which during the five subsequent weeks resulted in six stocks with gains ranging from 8.2% to 28.3% and four stocks with losses ranging from (.2)% to (24.1)%. The average for the ten issues was a gain of 2.99%. Overall, not too bad for a short period of time we have observed these issues.
Thanks again for stopping by! I hope the above was helpful. I try to be objective as I assess these issues and like to look back and see how they are initially doing. It will be interesting to look back on them after six months or a year!