Company: Red Hat
Ticker Symbol: RHT
Action: Sell now (lock in gains)
8/19/13 Update… Sell now to lock in 10% gain.
6/11/13 Update… I am also adding 10% to Red Hat (RHT) with a buy up to $47.50. It reports earnings next week (Wed.) and has the potential to run. Red Hat, Inc., is a provider of open source software solutions, using a community-powered approach to develop and offer reliable and high-performing operating system, middleware, virtualization, storage and cloud technologies.
Company: Lululemon Athletica
Ticker Symbol: LULU
Action: Buy up to $75
6/11/13 Update… I am allocating 10% to Lululemon (LULU) with a buy up to $75. It is down 12% in pre-market after its CEO stepped down. To me, it looks like investors are overreacting. It posted strong earnings last night. This has 10-20% rebound potential very quickly. This is already a part of our Contrarian Strategies Portfolio (CSP). The Company is engaged in the design, manufacture and distribution of healthy lifestyle inspired athletic apparel, which is sold through a chain of corporate-owned and operated retail stores, independent franchises and a network of wholesale accounts.