Storage has been a very strong market and this company is definitely a leader.
More Quotes from Paul Meeks:
It has very steady results. They are one of the leaders in software for engineering simulation where an engineering designs a product, wants to see when they actually go to prototype if it is going to work. They have very consistent results and I actually think when they report their quarter in the next week or two, it'll be an upside surprise.Paul Meeks
If you fast forward your clocks to Dec. 31 of this year, you're going to have yet another year in which the Nasdaq, driven by technology stocks, is going to outperform the SP 500 and the Dow Jones industrial average.
Paul Meeks
Well, everybody knows I used to work there, so I think I know the company pretty well. I also have stock and options from my days as an employee.
Paul Meeks
I think we have to get through this period that we're in right now. Companies that don't prerelease will make the numbers. Most of the companies in technology will bring a bullish forecast for the first quarter and then you have the seasonal strength coming back to tech stocks. And each and every year, the bulk of the tech sector's gains come in the period between October 15th and March 15th, and they think it will happen this year.
Paul Meeks
I really do believe that investors have to have a diversified approach. It will be very tough to pick stocks unless you have a big amount of money in your personal account so you can diversify on your own. So I would think you'd pick the premier technology funds and I'm not trying to sell myself, but I do think that it helps. And I also think that you need to have tech in your portfolio. Tech right now is about 30 percent of the weight of the SP 500. I think investors are going to put themselves at substantial risk if they get too carried away with some of the companies and have too much in their portfolio. The appropriate weight in your portfolio is 30 percent, which is neutral the benchmark.
Paul Meeks
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