Yesterday, a couple companies came in and surprised us. At this point in time, I'm inclined to take profits. I feel that we are fairly valued.
More Quotes from Ram Kolluri:
Higher energy prices, new fears of terrorism, some profit taking after the previous rally -- all of that is why we've come back from the late January, early February levels.Ram Kolluri
Today is a digestion period after yesterday's rally. I don't see a big follow-through. But the momentum suggests that the direction is up. There's a lot of cash still sitting on the sidelines.
Ram Kolluri
Basically we're trading sideways until there's an indication of corporate spending and of earnings picking up. Institutional investors are buying and selling, but the individual investor is still on the sidelines.
Ram Kolluri
The numbers have been good, and due to the strength of the global economic recovery, I contend that the second, third and fourth quarter earnings will be better than what people are currently expecting,
Ram Kolluri
You have to really look at them. No. 1, we're not buying into the fact that earnings are going to be dramatically up. So what we are looking for is companies that are selling with the low PE ratios, have decent balance sheets, and paying decent dividends to begin with, ... They all pay very generous dividends, while we're holding on.
Ram Kolluri
We have so many negatives, so why is this market still staying where it is ... My contention is that earnings momentum will overcome any of these obstacles we're seeing.
Ram Kolluri
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