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Lejun James Shao is the founder of www.myIRAs.net (http://www.myIRAs.net/), WhitePine Investment Inc of USA, and CEO of WhitePine Software Inc, Beijing, China. He was the top finisher in MSN's 1st US One Million Dollar Investment Contest, "Strategy Open Tournament," with a +45.88% return in 4... More
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  • Market Gives A Very Good Start For 2012  0 comments
    Jan 29, 2012 4:52 PM

    January is almost over. With two trading days left, January does give us a good ally. Up to last Friday Nasdaq gained 211.40 points or +8.11%; S&P500 was up 58.72 points or +4.67% and DJI index made a 442.90 point run or up +3.62%.

    Our Portfolio did much better. Core Portfolio gained +13.58% so far this month and $5K Portfolio gave us +12.33% return in January.

    Many of our picks gave us much higher return. Our picks produced three doubles during the last two months and quite few gained more than 30%. More doubles will come.

    Those doubles include: PEIX in $0.41 and now $1.05 up +157.91% (we sold half of our position at higher price); MNI in $1.18 and now $2.42, up +104.85%; DANG in $4.12 and now $6.31, up +101.37%. Also TSON up +57.67%; FSII +49.90%; RAS +46.68%; MU +33.15%; JBLU +48.28%, etc. We do hope that the momentum will continue in the coming months.

    Disclosure: I am long DANG, PEIX, MNI, MU, TSON, RAS, FSII.

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