The world can be a dangerous place, but seeking opportunities when fear is high is the proper way to invest. It is a true act of being counter intuitive.
One need not do anything dramatic but adding to “companies” you like in times of market uncertainty is usually rewarded a few months down the road. I believe we have such a situation now.
In my gut, I believe the Obama administration is scared to death of a market selloff and will do anything and everything to move the market higher.
I know nothing in fact to support that statement. It is an observation based on experience, human nature and political survival.
I think you could go down the list of Under $10 Ideas and add shares to any of the positions listed. The last email that contained a complete list was on 7/20/2011 LOTM #29.
Expect some new names to be added to the LOTM Under $10 list in the coming week.
As an industry sector we are shifting our focus towards the Molecular Diagnostics field.
This sector is moving from emerging to mainstream. The time to market (clearing FDA) is faster than drug approval. It is a high recurring revenue industry. Over the next three to five years we believe merger and acquisition activity will be high in the sector.