This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ohio State's Best and Worst Stocks of Spring 2008

According to Falk, their investment in Apple came from a compelling growth story: "We had owned Hewlett-Packard (HPQ - Get Report), and basically Apple was so much more compelling, given its drop in stock price and everything from Apple's iPod to the iPhone to the growth of the Mac market share. We've historically had more of a lean towards value, but it just happened at that time that we thought Apple was better than Hewlett-Packard, so we sold out of Hewlett-Packard and bought Apple."

Now that they've seen impressive returns from Apple though, Falk says they'll likely take their gains and put money back in HP.

Another good tech buy for the group was SanDisk (SNDK). The company has retuned a solid 20% since they bought into it this year.

WellPoint... Not So Well

Falk says that the group's worst play of the quarter was WellPoint (WLP). SIM bought the health benefit company at almost $79 per share and watched it tumble to its current mid-$50 range.

"I would say that WellPoint would have to be close to our worst play," recounts Falk. "We had marginally increased our position close to Easter, and a few days later they had an earnings release and fell something like 20%."

Lesson learned?

"Here's where the importance of having a diverse portfolio comes into play," Falk says. "We're down almost 31% in WellPoint. Indeed, big-gainers like Apple did a good job of lessening the effect of WellPoint's blow, but it doesn't take the sting out of a losing pick."

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
WLP $136.01 1.43%
AAPL $124.75 0.00%
HPQ $32.53 0.00%
WMT $77.88 0.00%
FB $80.78 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs