I’m just wondering if you took my advice at the beginning of May and invested in Telstra. At the time I made my blog post (May 2) it was trading at $2.89 today it is trading at $3.04. That’s a 5.2% increase in just one month. Not bad.
If you did take my stock tip then I recommend that you continue to hold for now. Its chart does look to be slowing down, however this is typical movement for the share price and it wouldn’t surprise me at all if it holds for a while before continuing upwards again.
Obviously you will need to keep an eye on it though.
Stock Picks for June 2011
Hopefully I can continue my roll and pick a few more winners for you. First up it’s time to look at the sectors.
Which sector is doing the best?
The Telecommunications Sector is still doing the best and rose 5.2% from May to June. That puts it in the lead for choosing a company to invest in.
Which company within that sector is doing well?
Nearly all of the companies are doing well in this sector right now.
Telstra (TLS) has risen 5.2% within 1 month and 8.2% within two months.
Telecom NZ (TEL) has risen sharply lately with a 16.6% increase in 1 month and 23.6% over two months.
And remember my prediction that (TPM) had finished its impressive increase and not to invest. Well I was right. In the past month it only rose 2.4% but over a two month period actually lost 0.6%.
So based on these figures, I’m interested in looking at the charts of Telstra and Telecom NZ to finalise my tips for this month.
First Telecom (TEL).
It’s looking very good and currently sitting quite nicely above the trendline that I’ve drawn. While it’s not clear right now whether it’s going to continue to rise or fall I’d be very happy to buy right now and hold it until it drops through a trendline.
My advice: Buy
Now Telstra (TLS)
While it’s hugging the trendline quite closely, I still think it’s a good bet right now. If you look back at around mid april, TLS tends to flatten out before it then rises again. I think (I hope) this is what it’s doing now.
My advice: Buy
So there you go. Two stock tips for you this month. Hope they make you lots of money.
Tracey xx
5 Comments
Hi Tracey,
Just a quick note to say I like both your long term and short term methodolgy.
I have a super fund for long term similar to your checklist, short term various methods however I really like your sector method and look forward to your July picks. I purchased TEL about 2 weeks before I found your site, made a new high yesterday so acting correctly.
Keep up the good work, Terry
Hey Terry,
Glad you stopped by. Yes TEL is doing really well. I haven’t looked at July’s picks yet, but it’s nearly end of month so will be doing so soon.
Take care,
Tracey
Hello Tracey
I am Michele’s sister and infected by her enthusiasm have bought my own copy of your book which I have really enjoyed. I have also become interested in investing in the stockmarket but as a beginner am having difficulty with some of the research. Re your table comparing the performance of the All Ords against the sectors – is this information available as a table similar to yours or is it necessary to set up a spreadsheet and obtain the info for each sector & do the calculations in xcel.
Hoping you can point me in the right direction
Regards
Shayne
Hi Shayne,
I work it out myself in an excel spreadsheet. At the start of the month (usually) I’ll go and get the current indices and sector prices. I use CommSec where they are all listed on the same page, but you can get the same info at many other free places. This is where they are on Yahoo 7! Finance > ASX Indicies & GICS Sectors
Then the next month I’ll go and get them again to compare to the previous month and work out the % increase or decrease of the two.
Hey I might upload my spreadsheet when I do July’s picks so anyone can download it – that might make it easier for everyone. What do you think?
Thanks so much for buying my book and I’m really glad you are enjoying it.
Take care
Tracey 🙂
Thank you Tracey – we are looking forward to your second book too!
Regards
Shayne