Necessary Substitutions
February 17, 2014
I’m glad I had this extended weekend to prepare for Tuesday’s market.
I am investing an equal amount of money in each of the equities mentioned in my post of February 14…except that I now discover that I won’t be able to purchase Biogen at $328 per share, Priceline at $1279 per share, and Netflix at $435 per share. The amount of money I am investing would allow only a few shares of each of these names.
What to do ? My answer is to substitute Disney ( also a Zacks # 2 rank) for Netflix, XBI, a biotech ETF ( also a Zacks #1 rank ) for Biogen, and Sands China, SCHYY ( a Zack #1 rank ) for Priceline ( a Zacks #2 rank) . This means three of the 20 equities selected do not reside in QQEW. I’m not worried !
To close….my intent is to purchase equal dollar amounts of all 20 stocks tomorrow ( if possible ) and call this Portfolio my ” QQEW / Zacks 20 Portfolio.”
Richard Maurice Gore