|Written by GSCR Staff|
|Friday, 15 February 2013 01:00|
I bet you are asking yourself, now that we are midway through the first quarter of 2013, how are those blog picks working out? Well, maybe you haven’t, but we have. Without further ado here is a snapshot of our mid-1Q13 blog stock pick performance.
As you likely recall, the daily blog objective is provide you daily insight into stocks that we believe could make a big move in the short term, as in a matter of weeks. Sometimes we get it right and other times we do not. The most important thing is for the performance of right calls to be far greater than the wrong calls. By that measure, it looks like “mission accomplished.”
As of the close of the market on February 14th, we have highlighted a grand total of 21 stocks, year-to-date, under our Market Monitor blog posts. As you can see by the table below, our top 5 picks are up an average of 28% in 30 days or less, while our bottom 5 performers are down an average of 8.2% for the same period.
Figure 1: Top and Bottom 5 Stocks for Goldman Small Cap Research 2013 Blog
(Stock Price as of the close 2/14/2013. Cost is market price of stock at blog publication)
The Big Winner
JFBI is just on fire! It has surpassed our $5 level and then some. As we mentioned in the original blog post, there really is no news or backing fundamentals, but the stock continues to climb. The charts remain bullish in the short term but selling a portion of the position is a prudent move.
The Big Loser
Noranda Aluminum (NOR) was probably the only real ‘stretch’ we had, and we were probably more optimistic than usual based on the Alcoa 2013 outlook. It may be time to cut your losses if you bought this one.
Overall we give ourselves a midterm grade of a B+. Look for more picks again starting next week as we try and hit that A by March 31.
Have a great long weekend!
Disclosure: Goldman Small Cap Research analysts are neither long nor short these shares but may elect to purchase the stock within the next 48 hours.
This Market Monitor blog was prepared for informational purposes only. Goldman Small Cap Research, (a division of Two Triangle Consulting Group, LLC) produces research via two formats: Goldman Select Research, which typically highlights small cap companies, and Goldman Opportunity Research, which features micro cap companies in a sponsored research format. Thus, the Select product reflects the Firm's internally generated stock ideas while the Opportunity product reflects sponsored research reports.
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