Stock Poll Meeting Minutes (1 Year Old)
This was prepared by me after attending the stock poll meeting on January 2, 2006. I put here to see how things can change over a year.
Rujing organized today's Stock poll Group meeting. I thought it was a great meeting. I just want to share this with those who missed today's meeting.
Nine members were in the meeting: Ben, Rujing, Alan, William, David, Max, Olina, Helen, and I. the discussions covered many topics ranging from individual stocks to the general US economy, and to the global business trends. I did not take any notes during the meeting. So some points I am going to write down may not reflect the speaker’s original intentions.
Ben presented his reasoning about selecting AMD (Advanced Micro Devices) and SUNW (Sun Microsystems). He believes that AMD will continue to perform well. He mentioned that DELL might be using AMD's chips in its future products, especially in computer servers. Max raised concerns about the potential impacts to SUNW due to of Dell’s future use of AMD chips. (Currently Sun’s server products using AMD chips are selling well, according to Ben).
Rujing talked about his views about economics, especially about Fed Chairman Greenspan and upcoming Chairman Bernanke, among many topics. He believed that Greenspan was not a good Fed Chairman. He is even more worried about Bernanke's ability to be a Fed Chairman. His views on this topic were very unique among the members who were in the meeting. Many believed that Greenspan was a great Fed Chairman. Views about the upcoming Bernanke were not that uniform. Rujing is very bullish about Gold in this year (2006).
Alan presented his prediction about the 2006 market. His prediction is based on his personal research combined with that of Goldman Sachs chief economist Abby Joseph Cohen. He believes that in 2006 S&P 500 will have about 15% return, in which 10% is the long-term trend (based on Goldman Sachs predictions), 2% is due to the current market discount of Bernanke (his view is that Bernanke will do well actually), another 3% is due to his personal research results (he explained his logic well during the meeting, I could not replicate here at all).
William is the only person in today meeting who manage money for institutions (he works for a local asset management firm). He is not as bullish as Alan. He thinks Financials and Healthcare sectors will outperform in 2006. He has some concerns about the continued strength of the Energy sector. But he believes that the energy sectors should be overweighed. Specific stocks he mentioned were GOOG and AMD. He likes AMD, but did not like its high P/E ratio.
David talked about his views about the market in general. His assessment of the market is that it will be neutral in 2006.
Max gave his visions about right approaches to markets. He mentioned his favorite book "the Wisdoms of the Crowds". Max states that the market wisdom is much more insightful than any top-notch economists. He thinks the bottom up approach (I believe that means individual stock selection) is much more fruitful than top-down approach to investments, especially for individual investors. Ben has similar views about selecting best stocks independent of the overall market directions.
Olina was a star in today's meeting. Her success in individual stock selections were recognized in today's meeting. Some members think that her approach to stock selection resembles that of Peter Lynch and Warren Buffett. Some stocks she mentioned were TIE, AMD, BOT, KCS, and UARM. She also presented her reasoning in selecting some of the stocks.
Helen talked about her own stock selection experience. She presented her thinking process in selecting PKZ (an oil company acquired by PetroChina). She believes the energy infrastructure and services sectors will continue to be excellent investments. Her recent favorite stock FRO (an oil shipping company).
My favorite sectors for 2006 are Healthcare, Natural Resources, and Financials.
Many discussions were centered on the international equity markets. Many believe that the international markets may be great investments for 2006. Some regions mentioned were, China, India, South America, especially Japan. Many thinks Japan is a great place to invest now. Views about the Europe are more mixed.
Rujing organized today's Stock poll Group meeting. I thought it was a great meeting. I just want to share this with those who missed today's meeting.
Nine members were in the meeting: Ben, Rujing, Alan, William, David, Max, Olina, Helen, and I. the discussions covered many topics ranging from individual stocks to the general US economy, and to the global business trends. I did not take any notes during the meeting. So some points I am going to write down may not reflect the speaker’s original intentions.
Ben presented his reasoning about selecting AMD (Advanced Micro Devices) and SUNW (Sun Microsystems). He believes that AMD will continue to perform well. He mentioned that DELL might be using AMD's chips in its future products, especially in computer servers. Max raised concerns about the potential impacts to SUNW due to of Dell’s future use of AMD chips. (Currently Sun’s server products using AMD chips are selling well, according to Ben).
Rujing talked about his views about economics, especially about Fed Chairman Greenspan and upcoming Chairman Bernanke, among many topics. He believed that Greenspan was not a good Fed Chairman. He is even more worried about Bernanke's ability to be a Fed Chairman. His views on this topic were very unique among the members who were in the meeting. Many believed that Greenspan was a great Fed Chairman. Views about the upcoming Bernanke were not that uniform. Rujing is very bullish about Gold in this year (2006).
Alan presented his prediction about the 2006 market. His prediction is based on his personal research combined with that of Goldman Sachs chief economist Abby Joseph Cohen. He believes that in 2006 S&P 500 will have about 15% return, in which 10% is the long-term trend (based on Goldman Sachs predictions), 2% is due to the current market discount of Bernanke (his view is that Bernanke will do well actually), another 3% is due to his personal research results (he explained his logic well during the meeting, I could not replicate here at all).
William is the only person in today meeting who manage money for institutions (he works for a local asset management firm). He is not as bullish as Alan. He thinks Financials and Healthcare sectors will outperform in 2006. He has some concerns about the continued strength of the Energy sector. But he believes that the energy sectors should be overweighed. Specific stocks he mentioned were GOOG and AMD. He likes AMD, but did not like its high P/E ratio.
David talked about his views about the market in general. His assessment of the market is that it will be neutral in 2006.
Max gave his visions about right approaches to markets. He mentioned his favorite book "the Wisdoms of the Crowds". Max states that the market wisdom is much more insightful than any top-notch economists. He thinks the bottom up approach (I believe that means individual stock selection) is much more fruitful than top-down approach to investments, especially for individual investors. Ben has similar views about selecting best stocks independent of the overall market directions.
Olina was a star in today's meeting. Her success in individual stock selections were recognized in today's meeting. Some members think that her approach to stock selection resembles that of Peter Lynch and Warren Buffett. Some stocks she mentioned were TIE, AMD, BOT, KCS, and UARM. She also presented her reasoning in selecting some of the stocks.
Helen talked about her own stock selection experience. She presented her thinking process in selecting PKZ (an oil company acquired by PetroChina). She believes the energy infrastructure and services sectors will continue to be excellent investments. Her recent favorite stock FRO (an oil shipping company).
My favorite sectors for 2006 are Healthcare, Natural Resources, and Financials.
Many discussions were centered on the international equity markets. Many believe that the international markets may be great investments for 2006. Some regions mentioned were, China, India, South America, especially Japan. Many thinks Japan is a great place to invest now. Views about the Europe are more mixed.
posted by Unknown at 9:52 PM
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