Goodbye HTC (... but not HelloMoto!)

I don't do much in the way of specific individual stock picks on this blog, but I wrote back in late June to go long HTC (2498 in Taiwan) "over the next few weeks".

"GoodbyeMoto... Hello HTC?!?!" I wrote after dissing the company here and calling a sell here earlier in very the same month.

Assuming "a few" weeks meant two, your average in price would have been NT$516, based on closings from the 26th on. As of yesterday's close, you'd be up 12.6%... compared with a Taiwan local market decline of ~0.7% on the same basis. Not too shabby. (Buying in over 3 weeks would've given an even more flattering in price, but who really does THAT in their PA!)

This week we have news from C|Net (and every broker in Taipei) of HTC's pioneering Google/Android phone set for a launch in September (just slightly earlier than expected,) with volume shipments in October. Look for positive newsflow, forecast revisions, recommendation upgrades and... opportunities to sell out... er... "over the next few weeks."



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