I HOPE THAT YOU DID NOT PANIC AND SELL!

Transcription

1 November 23, 2012 I HOPE THAT YOU DID NOT PANIC AND SELL! I know, the election did not go your way (or maybe it did), the fiscal cliff is keeping you up and night, and there has been a lot of bad news lately, but I hope that you did not panic and sell. I have been telling you to stay calm. Let s see how the market pans out. The market will tell us when it is time to start selling. More importantly, our individual holding will tell us when it is time to sell. Rarely, is it time to sell everything! Let s have a look at some individual holdings and see what they are currently telling us 1

2 I don t see my Visa flashing a SELL signal-charge! Regneron is charging to a new all-time high 2

3 Just when it looked like the Biotech Sector was getting ready to roll over, it came charging back. This is one of the reasons that I do not like sell-stops. The building sector still looks fine. 3

4 Toro continues to bull its way ahead. Louisiana Pacific continues to be the hottest thing in Tennessee: 4

5 Even the market is charging its way back. How about those income producers that got hammered last week? As you can see, but rebound. About the only thing not charging are 5

6 My San Diego Chargers. San Diego While it may be time for Norv Turner and Phillip Rivers to panic, it is just not time to move to the sidelines in the market. I will repeat again what I said last week STAY CALM and DON T PANIC Here is how we finished the week: Fri. 11/16/12 Fri. 11/23/12 Week Week Pct. Close 10am Change Change S&P % DJIA 12, , % NASD % S&P600 (Small) % S&P400 (Mid-Cap) % Emg. Mkts (ADRE) % Spain (EWP) % Italy (EWI) % Greece (GREK) % U.S. 10yr. Tr. 1.57% 1.69% 0.12% -7.64% Greece 10yr. Bond 17.66% 16.31% -1.35% 7.64% Italy 10yr. Bond 4.96% 4.79% -0.17% 3.43% Spain 10yr. Bond 5.94% 5.94% 0.00% 0.00% Oil % Gold % Now those are some big gains! The only thing that was down were U.S. Treasuries. 6

7 Here is where the markets stand year-to-date: 12/31/11 Fri. 11/23/ YTD Pct. Value 10am YTD Change S&P % DJIA 12, , % NASD % S&P600 (Small) % S&P400 (Mid-Cap) % Emg. Mkts (ADRE) % Spain (EWP) % U.S. 10yr. Tr. 1.87% 1.69% -0.18% 9.63% Spain 10yr. Bond 5.22% 5.94% 0.72% % Oil % Gold % The returns look a lot better this week than they did last week. Shorting the market just does not look that appetizing to me yet 7

8 Here is a weekly Apple Computer (AAPL) update: As you can see, the stock has finally found a support level and is beginning to bounce. I would prefer to see it build a solid base before getting back into it, however. Apple is once again one of the cheapest stocks in the market. Here are this week s sector rankings vs. last week s sector rankings. This Week Last Week 8

9 As you can see, almost no change from last week. Here are this week s lowest rated sectors: Last Week This Week Until the fiscal cliff is resolved, I think that it still prudent to keep the yellow flag flying, but I still remain almost fully invested for now, just as I have been all year. It is also vital to be invested in the BEST STOCKS NOW wherever they may Please follow me on Twitter, Facebook, or LinkedIn throughout the week for any changes in my current stance on the market or individual stocks. My tweets are also found on my BEST STOCKS NOW app every day, and on the homepage of my website: 9

10 My Best Stocks Now Radio Hour is heard on the Salem Broadcast Network every weekday from 7:00am to 8:00am PST. You can listen live to the show on the internet through the station s websites: ` Seattle Orlando Twin Cities Salem Broadcasting San Diego Orange County Denver Tune-In App Best Stocks Now App San Francisco and Honolulu coming soon!! 10

11 In additon to this we will also download the shows to the radio archives on my website and send them to itunes. There is no excuse to not keep up on your investments! Bill Gunderson s Model Portfolio for Conservative Growth Investors: This model is made up of mostly mid-cap and large cap companies that I consider suitable for investors who have a conservative growth risk profile. Time horizon of at least 3-5 years would be appropriate. This portfolio is up 11.11% year-to-date. I am replacing Express Scripts (ESRX) with H D F C Bank (HDB) this week. Conservative Growth Model 11.11% S&P % Ahead by -0.50% 11/23/2012 (as of 9am) DJIA 6.03% Ahead by 5.08% (Net of all Trading Costs and a 2% annual mgt fee-internally Audited) Add Add Adjusted Beginning Current Current Date Symbol Name Sector Price Price Shares Value Price Value G/L Alloc Jun-12 ALXN Alexion Pharm. Drug $98.71 $ $4,738 $94.54 $4, % 3.4% 2 11-May-12 AMT American Tower Telecom $67.86 $ $4,750 $74.26 $5, % 3.9% 3 31-Aug-12 AMZN Amazon.com Consumer $ $ $4,729 $ $4, % 3.4% 4 25-May-12 BIIB Biogen Drug $ $ $4,743 $ $5, % 4.1% 5 8-Oct-12 CBD Companhia Brasileira International $48.47 $ $5,429 $44.31 $4, % 3.8% 6 31-Aug-12 CNI Canadian Natl. Railway Transport. $91.99 $ $4,783 $87.70 $4, % 3.4% 7 5-Oct-12 FMX Fomento Econ Mex International $95.18 $ $5,616 $97.00 $5, % 4.3% 8 17-Aug-12 GILD Gilead Sciences Drug $56.42 $ $4,739 $75.97 $6, % 4.8% 9 21-Sep-12 GOLD Randgold Resources Basic Mat. $ $ $3,592 $ $3, % 2.3% Aug-12 HD Home Depot Consumer $57.10 $ $4,739 $64.45 $5, % 4.0% Nov-12 HDB H D F C Bank Ltd. Banks $40.17 $ $4,379 $40.17 $4, % 3.3% Oct-12 LPX Louisiana Pacific Building $15.54 $ $5,221 $17.76 $5, % 4.5% May-12 NVO Novo Nordisk Drug $ $ $4,669 $ $5, % 3.9% 14 8-Jun-12 PETM Petsmart Consumer $66.24 $ $4,637 $68.81 $4, % 3.6% 15 1-Jun-12 PPG P P G Industries Basic Mat. $98.96 $ $4,750 $ $5, % 4.5% Jun-12 PRGO Perrigo Drug $ $ $4,698 $ $4, % 3.1% Jul-12 REGN Regeneron Pharm. Drug $ $ $4,689 $ $5, % 4.5% Aug-12 SLW Silver Wheaton Basic Mat. $34.08 $ $4,737 $36.92 $5, % 3.9% Oct-12 TWC Time Warner Cable Media $99.52 $ $5,175 $93.10 $4, % 3.7% Aug-12 UNP Union Pacific Transport. $ $ $4,757 $ $4, % 3.5% Jun-12 V Visa Finance $ $ $4,678 $ $5, % 4.2% Oct-12 XHB Homebuilders Index Building $25.52 $ $5,206 $26.34 $5, % 4.1% Sep-12 WPI Watson Pharmaceut ical Drug $85.76 $ $5,403 $85.90 $5, % 4.1% HOLDINGS $116, % CASH $15, % TOTAL $132, % Begin 2012 $119,023 YTD Gain/Loss $13,223 Pct. Gain/Loss 11.11% 11

12 Bill Gunderson s Model Portfolio for Investors seeking AGGRESSIVE/Moderate Growth. This is my most aggressive portfolio. It is designed for investors with long-term time horizons, seeking maximum growth. This portfolio is made up mainly of small and mid-cap stocks with superior growth potential. This portfolio is more volatile than the Conservative Growth Portfolio and the Income/Growth Portfolio. This portfolio also carries more risk than the other two. It also has a higher turnover rate. It also has the most upside potential, however. This portfolio is up 12.19% year-to-date. No changes this week. Gunderson Aggressive Growth Model Portfolio 12.19% YTD S&P % Ahead 0.63% As of 11/23/12 (8:30AM) Small-Cap S&P % by 3.11% (Net of all trading fees and an annual mgt. fee of 2.0%-INTERNALLY AUDITED) Add Add Adj. Add Begin Current Current Current Symbol Name Sector Date Price Price Shares Value Price Value G/L Allocation 1 ALXN Alexion Pharmaceutical Drug 22-Jun-12 $95.95 $ $4,893 $94.46 $4, % 4.0% 2 ABG Asbury Automotive Group Auto 26-Oct-12 $30.55 $ $4,796 $30.53 $4, % 4.0% 3 AMT American Tower Telecom 26-Oct-12 $73.37 $ $4,182 $74.30 $4, % 3.5% 4 ASPS Altisource ptf Sltns. Financial 15-Jun-12 $67.40 $ $4,920 $ $7, % 6.3% 5 AVD American Vanguard Basic Mat. 13-Jul-12 $28.32 $ $4,814 $33.16 $5, % 4.7% 6 CAB Cabela's Consumer 27-Jul-12 $45.31 $ $4,667 $46.98 $4, % 4.0% 7 CTRX Catamaran Corp. Medical 9-Mar-12 $36.51 $ $4,819 $48.82 $6, % 5.3% 8 ELLI Ellie Mae Real Est. 12-Oct-12 $26.40 $ $4,646 $24.08 $4, % 3.5% 9 GILD Gilead Sciences Drug 16-Nov-12 $74.87 $ $3,818 $76.00 $3, % 3.2% 10 HHC Howard Hughes Corp. Real Est. 5-Oct-12 $73.60 $ $4,563 $72.50 $4, % 3.7% 11 JBHT J B Hunt Trans Svcs Transportation 16-Nov-12 $59.30 $ $3,855 $59.46 $3, % 3.2% 12 MLNX Mellanox Technologies Technology 27-Jul-12 $ $ $4,705 $85.58 $3, % 3.3% 13 OCN Ocwen Financial Financial 17-Aug-12 $24.87 $ $4,775 $34.50 $6, % 5.5% 14 ONXX Onyx Pharmaceuticals Drug 21-Sep-12 $85.04 $ $4,932 $76.08 $4, % 3.7% 15 OSIS O S I Systems Inc. Safety 21-Sep-12 $77.55 $ $4,886 $62.31 $3, % 3.3% 16 PCYC Pharmacyclics Inc. Drug 14-Aug-12 $59.50 $ $4,760 $53.39 $4, % 3.5% 17 PIR Pier 1 Imports Consumer 19-Oct-12 $20.34 $ $4,760 $20.11 $4, % 3.9% 18 REGN Regeneron Pharm. Drug 31-Aug-12 $ $ $4,671 $ $5, % 4.6% 19 RUE Rue21 Inc. Consumer 5-Oct-12 $31.97 $ $4,572 $28.81 $4, % 3.4% 20 SHF Schiff Nut rition Intl. Food 12-Oct-12 $24.48 $ $4,651 $41.89 $7, % 6.6% 21 TDG Transdigm Group Aerospace 27-Apr-12 $ $ $5,086 $ $5, % 4.4% 22 XHB Homebuilders Index Building 26-Oct-12 $25.52 $ $4,211 $26.27 $4, % 3.6% 23 TTC Toro Co. Building 20-Jul-12 $39.55 $ $4,746 $43.51 $5, % 4.3% Total Holdings $115,200 Cash $5,259 Total Value $120,459 Begin 2011 $107,371 Gain/Loss $13,088 Pct % 12

13 Bill Gunderson s INCOME/GROWTH Model Portfolio This is for investors seeking Income along with the possibility of Growth. This is a good mix for retirees who are seeking a CD alternative-albeit with greater risk. This portfolio currently has an average yield of 5.8%. Compare this with the current U.S. Treasury yield of 1.6% and current CD yields. This portfolio is up 9.48% since its August 5, 2011 inception. That works out to an annualized rate of 7.27%. The INCOME investments had huge rebound this past week. NO CHANGES THIS WEEK. ` Income/Growth Model as of Nov. 23, % YTD Annualiz 7.27% Inception Date August 5, % Since Inception 9:30AM (Net of trading costs and 2% annual mgt fee)-internally audited. Add Adj.Buy Beg. Current Current Curr. Added Symbol Name Sector Price Price Shares Value Price Value G/L Alloc. Yield 1 5-Oct-12 AWF Alliance Glbl Hi-Income Fund Income-Foreign $15.70 $ $3,737 $15.64 $3, % 3.4% 7.8% 2 26-Oct-12 BGS B & G Foods Inc. Food $30.00 $ $4,410 $28.93 $4, % 3.9% 4.2% 3 5-Oct-12 BKCC Blackrock Kelso Cap. Corp. Income-PE $10.16 $ $4,552 $10.00 $4, % 4.1% 10.9% 4 28-Sep-12 BLX Banco Latinoamericano Bank $22.24 $ $4,470 $21.27 $4, % 3.9% 5.7% 5 12-Oct-12 ENB Enbridge Inc. Income-Energy $39.86 $ $4,464 $39.43 $4, % 4.0% 2.9% 6 4-May-12 EPD Enterprise Products Energy $52.47 $ $3,935 $51.83 $3, % 3.6% 5.2% 7 21-Sep-12 GOLD Randgold Basic Mat. $ $ $4,469 $ $3, % 3.5% 0.4% 8 5-Aug-11 KMP Kinder Morgan Energy $68.03 $ $5,034 $81.39 $6, % 5.5% 6.4% 9 21-Oct-11 MMP Magellan Mid. Pt rs. Energy $31.51 $ $4,033 $43.64 $5, % 5.1% 4.7% Oct-12 MSD MS Emerging Mkt. Debt Income-Foreign $12.17 $ $4,746 $12.09 $4, % 4.3% 4.7% 11 5-Aug-11 NHI Nat. Health Investors REIT $40.60 $ $4,141 $54.31 $5, % 5.1% 5.1% 12 5-Aug-11 O Realty Income REIT $30.01 $ $5,012 $39.26 $6, % 6.0% 4.7% 13 5-Aug-11 OHI Omega Healthcare REIT $15.82 $ $4,208 $22.58 $6, % 5.5% 8.0% Oct-12 OKE Oneok Inc. Income-Energy $47.17 $ $4,292 $45.71 $4, % 3.8% 2.9% 15 9-Sep-11 OKS Oneok Ptrs. Energy $43.29 $ $3,939 $58.21 $5, % 4.8% 4.9% 16 5-Oct-12 PCN Pimco Corp. & Inc. Strat. Income-Bds. $19.12 $ $4,551 $18.12 $4, % 3.9% 7.6% 17 5-Oct-12 PKO Pimco Income Opp. Fund Income-Foreign $30.57 $ $4,555 $29.01 $4, % 3.9% 7.8% 18 9-Mar-12 PVD Admin Fondos Pension Finance $75.31 $ $3,615 $ $5, % 4.6% 6.4% 19 8-Jun-12 TCAP Triangle Capital Corp. Finance $21.39 $ $4,171 $24.66 $4, % 4.4% 8.5% Oct-12 TEI Templeton Emg. Mkt. Income Income-Foreign $17.19 $ $4,762 $17.05 $4, % 4.3% 5.9% 21 5-Oct-12 TNH Terra Nitrogen Co. Lp Income-Comm. $ $ $4,515 $ $4, % 4.2% 7.9% 22 9-Mar-12 WES Western Gas Partners Energy $46.62 $ $4,522 $49.46 $4, % 4.4% 4.1% AVG. YIELD 5.8% TOTAL HOLDINGS $109, % CASH $ % TOTAL VALUE $109, % BEGIN 2012 $106,193 GAIN/LOSS $3,289 PCT. 3.10% 13

14 Bill Gunderson is a professional fee-based money manager. Gunderson Capital Management manages hundreds of accounts all across the country. Minimum account size is $50,000. Annual Mgt. fees are 2% on accounts under $250,000, 1.5%-1.75% on accounts between $250k and $1 million, and 1% on accounts over $1 million. Call us for a portfolio evaluation and more info. (855)611-BEST. Bill Gunderson is also columnist for The Street.com, MarketWatch.com, and SeekingAlpha.com. Here are links to this week s articles that I wrote: This week s articles: People love their pets, I love PetSmart love their pets i love petsmart Apple Is Cheap, but Ocwen Is Even Cheaper! is cheap but ocwen is even cheaper.html I track just over 3,000 stocks, funds, etf s, etc. I spend several hours looking at them each day. I especially focus in on the ones I own, the stocks rising in rank, and the A- or better rated stocks (usually about the top 200). I like Performance and Value. Here is a good example of what I mean by this 14

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16 BILL GUNDERSON WEEKLY TOP 200 LIST: 16

17 Just an appetizer-the full list is below! 17

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19 Six Three Two Six One Two One Best Stocks Now Mos. Ago Mos. Ago Mos. Ago Wks. Ago Mo. Ago Wks. Ago Wk. Ago Yest. Current Top 200 as of 11/23/2012 Rank Rank Rank Rank Rank Rank Rank Rank Rank A- CP Canadian Pacific Railway A- ORLY O'Reilly Automotive Inc A- PETM Petsmart Inc A- NC Nacco Ind A- TNH Terra Nitrogen Co Lp A- AFSI Amtrust Fin. Svcs A- UHAL Amerco A- FLT Fleetcor Technologies A- EGHT Eight by Eight Inc A- NNI Nelnet Inc A- AWI Armstrong World Inds A- FIS Fidelity National Information S A- BSD BlackRock Strategic Municipal Trust A- LULU Lululemon Athletica A- MWIV M W I Veterinary Supply A- AZO AutoZone Inc A- IT Gartner Inc Cl A A- GNRC Generac Holdings Inc A- MHD BlackRock MuniHoldings Fund Inc A- TDG Transdigm Group Inc A- AMT American Tower Corp A- COO Cooper Companies Inc A- MIDD Middleby Corp A- MLNX Mellanox Technologies A- BECN Beacon Roofing Supply A- FDO Family Dollar Stores Inc A- MMU Western Asset Managed Municipals Fund Inc A- AME Ametek Inc A- AVD American Vanguard Corp A- NEU Newmarket Corp A- TYL Tyler Technologies Inc A- SRPT Sarepta Techologies A- TSM Taiwan Semiconductor Inc A- ABG Asbury Automotive Group Inc A- SXL Sunoco Logistic Parnters A- BIPIX Profunds Biotech Ultra A- REGN Regeneron Pharmaceuticals A- GDI Gardner Denver Inc A- SCCO Southern Copper Corp A- TAI Transamerica Income Shares Inc A- YUM Yum! Brands Inc A- DXPE DXP Enterprises Inc A- RNF Rentech Nitrogen A- CGI Celadon Group A- VASC Vascular Solutions Inc A- POOL Pool Corp A- MA Mastercard A- MTGE Amer. Cap. Mtg. Inv A- V Visa Inc A- EZCH Ezchip Semiconductor

20 Six Three Two Six One Two One Best Stocks Now Mos. Ago Mos. Ago Mos. Ago Wks. Ago Mo. Ago Wks. Ago Wk. Ago Yest. Current Top 200 as of 11/23/2012 Rank Rank Rank Rank Rank Rank Rank Rank Rank A- PBH Prestige Brands Hldgs A- GWR Genesee & Wyoming Inc A- PNRA Panera Bread A- TESS TESSCO Technologies Inc A- KWR Quaker Chemical A- JAZZ Jazz Pharmaceuticals plc A- BKE Buckle Inc A- VRX Valeant Pharmaceuticals Intl A- AKRX Akorn Inc A- HHC Howard Hughes Corp A- PII Polaris Industries Inc A- RMD Resmed Inc A- URI United Rentals Inc A- SHF Weider Nutrition Intl Inc A- SBUX Starbucks Corp A- SNA Snap On Inc A- WPI Watson Pharmaceuticals A- ARMH A R M Holdings A- UTEK Ultratech Inc A- SLXP Salix Pharmaceuticals Ltd A- TGA Transglobe Energy Corp A- WRLS Telular Corp A- AGM Federal Agriculture Mort A- ARG Airgas Inc A- GRA Grace WR & Co A- THO Thor Ind Inc A- AMCX Amc Networks Inc A- PAA Plains All Amer. Pipe A- AKOA Embotelladora Andina A A- UNAM Unico American Corp A- BIIB Biogen Idec Inc A- DEST Destination Maternity A- EPHC Epoch Holding A- BLW BlackRock Limited Duration Income Trust B+ TUP Tupperware Corp B+ CMCSAComcast Corp Cl A B+ AAN Aaron's Inc B+ SWHC Smith & Wesson Hldg B+ DFS Discover Financial Services B+ PIR Pier 1 Imports Inc B+ AMZN Amazon.com Inc B+ PSMT PriceSmart Inc B+ KTF DWS Municipal Income Trust B+ CCI Crown Castle Intl Corp B+ LII Lennox Internarional Inc B+ OKE Oneok B+ EQIX Equinix Inc

21 Six Three Two Six One Two One Best Stocks Now Mos. Ago Mos. Ago Mos. Ago Wks. Ago Mo. Ago Wks. Ago Wk. Ago Yest. Current Top 200 as of 11/23/2012 Rank Rank Rank Rank Rank Rank Rank Rank Rank B+ VHC Virnetx Hldg B+ LCC US Airways Group Inc B+ TJX TJX Co Inc B+ CELG Celgene Corp B+ CRM Salesforce.com Inc B+ NVO Novo Nordisk A/S B+ DUSA DUSA Pharmaceuticals B+ FEIC FEI Co B+ THOR Thoratec Corp B+ TSCO Tractor Supply Co B+ VSI Vitamin Shoppe Inc B+ ATAX America First Tax Exempt B+ MDVN Medivation B+ LGF Lions Gate Entertainment B+ AAPL Apple Computer B+ EXPE Expedia B+ HFC Frontier Oil Corp B+ ASPS Altisource B+ DDD Three D Systems Inc B+ ELLI Ellie Mae B+ TAST Carrols Restaurant Grp B+ HEI Heico Corp B+ NPP Nuveen Performance Plus Municipal Fund B+ ARIA Ariad Pharmaceuticals Inc B+ RUTH Ruths Hospitality Group B+ SWM Schweitzer-Mauduit Intl B+ DLTR Dollar Tree Stores B+ ACET Aceto Corp B+ MCA BlackRock MuniYield California Insured Fund B+ SBH Sally Beauty Holdings B+ FIRE Sourcefire Inc B+ JOSB Joseph A Bank Clothiers Inc B+ RDWR Radware Limited B+ ULTI Ultimate Software B+ BGS B & G Foods B+ CBD Companhia Brasileira Adr B+ CSU Capital Senior Living B+ DDS Dillard's Inc B+ LPX Louisiana Pacific Corp B+ WHR Whirlpool Corp B+ ACIW A C I Worldwide B+ HIBB Hibbett Sporting Goods Inc B+ IMAX Imax Corp B+ INCY Incyte Corp B+ SAM Boston Beer Company B+ QCOM Qualcomm Inc B+ ASNA Ascena Retail Group B+ PPO Polypore Intl B+ CVI C V R Energy

22 Bill Gunderson s Top 200 is a new feature in the newsletter. I can tell you from experience that it is very powerful. The Top 200 is a reflection of the market and the economy. These trends can remain in place for a long time. Sometimes bonds are at the top, sometimes cash is at the top, and there are even times when inverse funds rule the roost. Study this list carefully each week. 401-K Section Everyone has different choices to them in their 401-ks. The choices basically fall into about broad categories however: Large Cap, Mid-Cap, Small-Cap, Govt. Bond, Corp. Bond, Inflation Protected Bond, International, Emerging Market, and maybes sectors like technology, natural resources, etc. I have added a number of mutual funds to my Best Stocks Now database that are representative of the various categories of funds that are available in most 401k plans. I grade them on a daily basis. I only want to own funds that are ranked 850 or higher, overall. Of the funds that I am tracking, here is my current basic recommendation. NO CHANGES THIS WEEK: 22

23 Best Stocks Now Mutual Fund Rankings 3 Mo. Ago 1 Mo. Ago Last Wk `Current Suggested 401-K Allocation 11/23/12 Rank Rank Rank Rank Allocation YTD A- BIPIX Profunds Biotech Ultra % B+ RYOIX Rydex Biotech Class I % B+ FBIOX Fidelity Biotech % 36.4% B+ BTTRX Amer. Cent. Zero % B+ FSHOX Fidelity Select Const. & Housing % 34.2% B PRHSX T. Rowe Price Health Science % 28.8% B FSCRX Fidelity Small Cap Discovery % 17.0% B FBDIX Franklin Biotech Discovery % B FDFAX Fidelity Select Consumer Staples , % 16.3% B PETDX Pimco Real Estate Return % B- NBRFX Nbrgr Brmn Real Estate 851 1,119 1, % B- FDLSX Fidelity Select Leisure 1,326 1,480 1, % B- FHIAX Fidelity Advisor High Income A 1, , % B- FIBIX Fidelity Spartan Int. Term Bond Index 1,770 1, , % B- FINPX Fidelity Inflation Protected Bond 1,450 1, , % B- TPINX Templeton Global Bond Fund 1,280 1, , % 12.2% B- FZIAX Fidelity Adv.Intermediate Muni Inc. 1,895 1, , % B- FCLAX Fidelity Advisor Industrials 809 1,099 1,531 1, % B- FHCCX Fidelity Advisor Healthcare C ,308 1, % B- FBMPX Fidelity Sel. Multimedia ,396 1, % 29.0% B- FMSFX Fidelity Mortgage Securities 1,681 1, , % B- FHKCX Fidelity China Region 1,825 1,203 1,307 1, % B- FHIFX Fidelity Focused High Income 1, , % B- FHEAX Fidelity Advisor Real Estate A 917 1,253 1,412 1, % B- FCFTX Fidelity Adv. Calif. Muni Income 1,451 1,286 1,545 1, % B- CREEX Columbia Real Estate Equity Z 855 1,289 1,349 1, % B- FCPVX Fidelity Small Cap Value 1, ,717 1, % B- FGMNX Fidelity GNMA 1,536 1,388 1,106 1, % B- FGBTX Fidelity Adv. Investment Gr. Bond 1,727 1, , % B- OREYX Oppenheimer Real Estate Y 1,154 1,426 1,546 1, % B- FGOVX Fidelity Government Income 1,730 1, , % B- PREPX Principal Real Estate Sec R ,314 1,498 1, % B- EMF Templeton Emerging Markets Fund Inc 1,273 1,011 1,662 1, % B- FSRFX Fidelity Select Transportation 1,370 1,123 1,482 1, % C+ BUFOX Buffalo Micro-Cap Fund 771 1,107 2,018 1, % C+ FLBIX Fidelity Spartan L/T Bond Index 2,246 2, , % C+ FASFX Fidelity Adv. Short Term Fixed Inc. 2,014 1,645 1,273 1, % C+ FMFAX Fidelity Materials A 1,000 1,194 2,208 1, % C+ FIEUX Fidelity Europe 1,569 1,547 2,021 1, % C+ UOPIX Profunds Ultra NASDAQ 117 1,608 2,343 1, % C+ FMCSX Fidelity Mid-Cap Stock 1,413 1,660 2,072 1, % C+ TGLDX Tocqueville Gold 1, ,646 1, % -5.6% C+ FASGX Fidelity Select Gold 1, ,045 1, % C+ FLCCX Fidelity Advisor Large Cap C 1,281 1,438 2,269 1, % C+ FADTX Fidelity Advisor Technology B 657 1,885 2,323 1, % C+ FSLCX Fidelity Small Cap Stock 1,498 1,837 2,215 1, % 100.0% 23

24 INTERNATIONAL AND EMERGING MARKET WATCH: As of Nov. 23, ytd Thailand THD 25.6% Mexico EWW 24.4% Greece GREK 21.6% India INP 19.9% Peru EPU 16.4% United States ^GSPC 11.8% Europe EFA 9.9% Vietnam VNM 8.1% China FXI 7.1% Russia RSX 5.0% Italy EWI 4.8% Canada EWC 1.9% Japan EWJ 1.9% Emerging Mkts. ADRE 1.1% Chile CH 0.4% Spain EWP -5.6% Brazil EWZ -9.0% MODEL MUTUAL FUND PORTFOLIO COMING SOON 24

25 COMMODITIES (as of Nov. 23, 2012) 2012 YTD Grains JJG 24.8% Silver SLV 22.7% Gasoline UGA 19.3% Corn CORN 13.0% Gold GLD 11.8% Copper JJC 1.3% Livestock COW -3.1% Steel SLX -7.8% Oil USO -15.0% Cotton BAL -17.5% Coal KOL -26.1% Watch for Bill Gunderson on: Here are snippets on all of the stocks I have talked about on my radio show, and articles that I have written over the last few months. They are in alphabetical order. 25

26 2012 Conservative Growth Model Portfolio Sells Bought Bought Bought Sector Buy Price Shares Tot. Buy Sell Price Total Sell Pct. G/L Sell Date 1 27-May-11 VIV Telefonica Brasil Utility $ $4,418 $27.79 $4, % 3-Feb Nov-10 ARLP Alliance Res. Ptrs. Commodities $ $5,387 $72.44 $6, % 2-Mar Jun-11 KOF Coca Cola Femsa Consumer $ $4,583 $ $5, % 9-Mar Oct-11 MCD McDonalds Consumer $ $4,490 $95.60 $4, % 23-Mar Nov-08 KMP Kinder Morgan Energy $ $2,371 $82.32 $4, % 30-Mar Jan-12 EOG E O G Resources Energy $ $4,740 $ $5, % 6-Apr Nov-08 O Realty Income REIT $ $2,168 $37.50 $4, % 6-Apr Jan-12 AAPL Apple Computer Technology $ $845 $ $1, % 13-Apr Jan-11 PCLN Priceline.com Consumer $ $2,644 $ $4, % 13-Apr Feb-12 CAT Caterpillar Industrial $ $4,672 $ $4, % 13-Apr Mar-12 CMI Cummins Engine Industrial $ $4,213 $ $4, % 13-Apr Jan-12 CELG Celgene Medical $ $4,648 $73.45 $4, % 27-Apr Mar-12 BIDU Baidu Technology $ $4,810 $ $4, % 27-Apr Aug-11 TNH Terra Nitrogen Commodities $ $4,481 $ $6, % 4-May Apr-11 ABV Comp de Bebida Consumer $ $4,474 $39.67 $5, % 11-May Jul-11 UGP Ultrapar Participaco Utility $ $4,493 $21.71 $5, % 11-May Oct-11 GWW Grainger Industrial $ $4,510 $ $5, % 18-May Apr-12 EC Ecopetrol Energy $ $3,914 $57.42 $3, % 25-May Apr-11 FMX Fomento Econ Mex Consumer $ $4,499 $78.41 $5, % 25-May Mar-12 BPT B P Prudhoe Bay Energy $ $4,716 $ $4, % 1-Jun Apr-12 DISCA Discovery Com Cl A Media $ $3,845 $51.01 $3, % 8-Jun Apr-12 YUM Y um! Brands Consumer $ $4,644 $64.03 $4, % 8-Jun May-12 EFZ Europe Inverse 1X Inverse $ $4,737 $50.28 $4, % 22-Jun May-12 EUM Emg. Mkts. Inverse 1:1 Hedge $ $4,731 $32.23 $4, % 22-Jun Oct-10 AZO Autozone Consumer $ $3,286 $ $5, % 27-Jun Apr-12 ESRX Express Scripts Medical $ $3,986 $51.90 $3, % 25-Jun Apr-12 ORLY O'Reilly Automotive Consumer $ $4,638 $95.23 $4, % 25-Jun Jan-11 PCLN Priceline.com Consumer $ $3,084 $ $4, % 28-Jun Jun-12 FXP China Inverse 2:1 Inverse $ $4,659 $27.86 $4, % 20-Jul Jun-12 WFM Whole Foods Mkt. Consumer $ $4,715 $85.23 $4, % 20-Jul Apr-12 ISRG Intuitive Surgical Medical $ $4,605 $ $3, % 20-Jul Aug-11 MA Mastercard Consumer $ $4,552 $ $5, % 24-Jul Oct-11 SBUX Starbucks Consumer $ $4,528 $50.41 $5, % 25-Jul Apr-12 FDO Family Dollar Consumer $ $4,020 $62.35 $3, % 24-Aug Sep-11 DG Dollar General Consumer $ $4,569 $51.07 $6, % 31-Aug Aug-11 DLTR Dollar Tree Consumer $ $4,580 $48.49 $6, % 31-Aug Oct-11 TJX (Sell 1/2) T J Maxx Consumer $27.77 $ $2,277 $45.18 $3, % 21-Sep May-10 ROST Ross Stores Consumer $25.76 $ $1,751 $64.17 $4, % 28-Sep Jul-12 NLY Annaly Mortgage Finance $17.44 $ $4,761 $16.60 $4, % 5-Oct Jan-12 AAPL Apple Computer Technology $ $ $3,802 $ $5, % 8-Oct Aug-12 DTV Directv Cl A Media $51.86 $ $4,667 $51.22 $4, % 9-Oct Oct-11 TJX T J Maxx Consumer $27.77 $ $2,277 $43.88 $3, % 11-Oct Jul-12 AGNC American Cap. Agency Finance $34.50 $ $4,761 $33.07 $4, % 10-Oct Aug-12 EW Edwards Lifesciences Medical $ $ $4,700 $86.74 $3, % 18-Oct Aug-12 ESRX Express Script Medical $62.73 $ $4,767 $51.97 $3, % 23-Nov-12 26

27 Gunderson Aggressive Growth Model Portfolio Sells 2012 Symbol Name Sector Bought Buy Price Shares Tot. Buy Sell Price Total Sell Pct. G/L Sell Date 1 BJRI B J Restaurants Consumer 22-Apr-11 $ $4,563 $45.99 $4, % 6-Jan-12 2 EGOV N I C Inc. Technology 28-Oct-11 $ $4,511 $11.92 $3, % 3-Feb-12 3 WRLD World Acceptance Financial 30-Dec-11 $ $4,337 $65.48 $3, % 10-Feb-12 4 RDEN Elizabeth Arden Consumer 28-Oct-11 $ $4,497 $39.23 $5, % 17-Feb-12 5 DG Dollar General Consumer 30-Sep-11 $ $4,456 $42.23 $4, % 17-Feb-12 6 HEK Heckman Corp. Energy 18-Dec-11 $ $4,368 $5.19 $3, % 2-Mar-12 7 SMP Standard Motor Prod. Automotive 23-Dec-11 $ $4,374 $20.65 $4, % 9-Mar-12 8 LKQX L K Q Corp. Consumer 7-Oct-11 $ $4,528 $31.68 $5, % 9-Mar-12 9 MNRO Monroe Muffler Consumer 10-Feb-12 $ $3,982 $41.85 $3, % 23-Mar QSII Quality Systems Medical 26-Aug-11 $ $4,289 $42.38 $4, % 23-Mar NUS Nu Skin Enterprises Consumer % 6-Apr CLH Clean Harbors Energy 8-Apr-11 $ $4,350 $66.33 $5, % 6-Apr NUS Nu Skin Enterprises Consumer 12-Aug-11 $ $2,375 $56.79 $3, % 6-Apr DPZ Domino's Pizza Consumer 16-Sep-11 $ $4,808 $35.14 $5, % 13-Apr GEOI Georesources Energy 3-Feb-12 $ $4,562 $30.74 $4, % 13-Apr PETM Petsmart Consumer 21-Oct-11 $ $4,504 $56.55 $5, % 13-Apr AAPL Apple Comp. Technology 5-Mar-10 $ $657 $ $1, % 13-Apr ALXN Alexion Pharm. Medical 26-Aug-11 $ $1,476 $89.70 $2, % 13-Apr PCLN Priceline.com Leisure 29-Oct-11 $ $1,505 $ $2, % 13-Apr FCFS First Cash Financial Financial 1-Apr-11 $ $4,247 $39.70 $4, % 20-Apr TPX Tempur Pedic Consumer 6-Apr-12 $ $4,290 $59.59 $2, % 27-Apr PIR Pier One Imports Consumer 6-Jan-12 $ $4,290 $17.87 $5, % 4-May VLTR Volterra Semiconductor Technology 17-Feb-12 $ $4,081 $30.51 $3, % 4-May TYL Tyler Technologies Technology 14-Oct-11 $ $4,533 $37.38 $5, % 11-May PEET Peet's Coffee Consumer 20-May-11 $ $4,030 $64.00 $5, % 11-May ACFN Acorn Energy Energy 30-Mar-12 $ $3,859 $9.10 $3, % 18-May RGR Sturm Ruger Leisure 11-May-12 $ $4,921 $42.49 $4, % 18-May BWLD Buffalo Wild Wings Consumer 2-Mar-12 $ $3,309 $82.31 $3, % 18-May STX Seagate Technology Technology 17-Feb-12 $ $4,084 $25.99 $3, % 25-May PCLN Priceline.com Leisure 29-Oct-11 $ $2,634 $ $4, % 25-May CLB Core Labs Energy 27-Apr-12 $ $5,033 $ $4, % 1-Jun PII Polaris Industries Consumer 28-Oct-11 $ $4,515 $69.96 $5, % 15-Jun TSCO Tractor Supply Consumer 11-May-12 $ $4,947 $87.77 $4, % 15-Jun AZO Autozone Consumer 8-Oct-10 $ $2,095 $ $3, % 22-Jun EFZ Europe Inverse 1:1 Inverse 25-May-12 $ $4,782 $50.28 $4, % 22-Jun EUM Emg. Mkts Inverse 1:1 Inverse 18-May-12 $ $4,598 $31.81 $4, % 22-Jun GNC General Nutrition Consumer 11-May-12 $ $4,921 $37.08 $4, % 22-Jun LQDT Liquidity Services Consumer 20-Apr-12 $ $4,959 $50.18 $4, % 22-Jun MNST Monster Beverage Consumer 11-May-12 $ $4,918 $71.57 $4, % 29-Jun NTES Netease.com Leisure 23-Mar-12 $ $4,350 $59.19 $4, % 29-Jun REGN Regeneron Pharm. Drug 20-Apr-12 $ $4,957 $ $4, % 29-Jun SBH Sally Beauty Hldg. Consumer 21-Oct-11 $ $4,493 $25.42 $6, % 29-Jun CRUS Cirrus Logic Technology 22-Jun-12 $ $4,892 $26.40 $4, % 6-Jul OSIS O S I Systems Technology 9-Mar-12 $ $4,817 $62.06 $4, % 6-Jul ALLT Allot Communications Technology 20-Apr-12 $ $4,950 $22.37 $4, % 6-Jul PCYC Pharmacyclics Drug 25-May-12 $ $4,763 $53.05 $7, % 6-Jul QCOR Questcor Pharm. Drug 27-Apr-12 $ $4,917 $50.23 $5, % 6-Jul VVUS Vivus Inc. Drug 18-May-12 $ $4,592 $24.15 $4, % 20-Jul FXP Inverse China 2:1 Inverse 22-Jun-12 $ $4,870 $27.99 $4, % 20-Jul AAPL Apple Comp. Technology 5-Mar-10 $ $1,752 $ $4, % 27-Jul NEOG Neogen Drug 29-Jun-12 $ $4,984 $43.11 $4, % 27-Jul SLXP Salix Pharmaceuticals Medical 23-Mar-12 $ $4,103 $44.88 $3, % 31-Jul AKRX Akorn Inc. Drug 1-Jun-12 $ $4,649 $12.68 $4, % 10-Aug BMRN Biomarin Pharm. Drug 13-Jul-12 $ $4,806 $37.53 $4, % 10-Aug INCY Incyte Corp. Drug 13-Jul-12 $ $4,839 $18.14 $3, % 10-Aug CERN Cerner Medical 22-Jun-12 $ $4,848 $71.33 $4, % 10-Aug FDO Family Dollar Consumer 6-Apr-12 $ $4,539 $64.66 $4, % 10-Aug HIBB Hibbett Sporting Goods Consumer 11-May-12 $ $4,943 $59.47 $4, % 10-Aug AGNC American Cap. Agency Financial 13-Jul-12 $ $4,819 $34.08 $4, % 24-Aug DLTR Dollar Tree Consumer 21-May-10 $ $2,035 $48.44 $4, % 27-Aug HMSY H M S Holdings Healtchare 3-Aug-12 $ $3,489 $32.67 $3, % 14-Sep DDD Three D Systems Corp. Technology 29-Jun-12 $ $4,941 $34.91 $5, % 21-Sep SWKS Skyworks Technology 31-Aug-12 $ $4,655 $25.11 $3, % 21-Sep ATHN Athenahealth Inc. Medical 15-Jun-12 $ $5,064 $88.16 $5, % 5-Oct GTLS Chart Industries Energy 17-Aug-12 $ $4,734 $72.80 $4, % 5-Oct OII Oceaneering Intl. Energy 20-Jul-12 $ $4,741 $52.83 $4, % 5-Oct OIS Oil States Intl. Energy 14-Sep-12 $ $2,773 $76.78 $2, % 5-Oct RGR Sturm Ruger Consumer 27-Jul-12 $ $4,749 $44.40 $4, % 5-Oct AIRM Air Methods Healthcare 27-Jul-12 $ $4,640 $ $4, % 9-Oct CBST Cubist Pharmaceuticals. Drug 24-Aug-12 $ $4,748 $45.71 $4, % 10-Oct EQIX Equinix Inc. Technology 10-Aug-12 $ $3,980 $ $4, % 11-Oct NEU Newmarket Corp. Energy 20-Jul-12 $ $4,639 $ $4, % 11-Oct MDVN Medivation Drug 29-Jun-12 $45.41 $ $4,904 $47.45 $5, % 2-Nov ARIA Ariad Pharmaceutical Drug 22-Aug-12 $19.97 $ $4,773 $20.43 $4, % 16-Nov WAC Walter Inv. Mgt. Financial 26-Oct-12 $46.62 $ $4,196 $39.15 $3, % 16-Nov-12 27

28 2012 Income Model Portfolio Sells Bought Bought Bought Sector Buy Price Shares Tot. Buy Sell Price Total Sell Pct. G/L Sell Date 1 5-Aug-11 CEF Central Fund Canada Pr. Metals $ $5,001 $19.97 $4, % 6-Jan Aug-11 ARLP Allliance Res. Ptr. Energy $ $4,992 $61.09 $4, % 30-Mar Mar-12 BTI British Tobacco Consumer $ $ $4,058 $ $4, % 3.8% 4 5-Aug-11 TSU T I M Participaco Telcom $ $4,981 $28.21 $5, % 3-Feb Aug-11 NLY Annaly Mortgage REIT $ $4,996 $16.17 $4, % 9-Mar Sep-11 NUV Nuveen Muni Val. Fund Muni Bond $ $3,960 $9.79 $3, % 23-Mar Nov-11 BCE B C E Inc. Telcom $ $4,089 $39.81 $4, % 13-Apr Aug-11 TNH Terra Nitrogen Commodity $ $4,976 $ $7, % 4-May Aug-11 VIV Telefonica Brasil Telcom $ $5,003 $27.64 $4, % 11-May Aug-11 TU Telus Corp. Telcom $ $5,009 $57.96 $5, % 11-May Nov-11 AMLP Alerian MLP Energy $ $4,074 $15.46 $3, % 1-Jun Jan-12 BPT B P Prudhoe Bay Energy $ $4,216 $ $3, % 1-Jun Oct-11 SXL Sunoco Logistics Ptrs. Energy $ $3,949 $33.28 $4, % 1-Jun Feb-12 SDRL Seadrill ltd Energy $ $4,432 $32.20 $3, % 1-Jun May-12 NGLS Targa Resources Energy $ $3,855 $36.65 $3, % 8-Jun Jun-12 EFZ Europe Inverse 1X Inverse $53.74 $ $4,245 $50.48 $3, % 22-Jun Jun-12 EUM Emg.Markets Inverse 1X Inverse $33.73 $ $4,250 $32.29 $4, % 22-Jun Jan-12 WHX Whiting Usa Trust Energy $17.83 $ $4,279 $9.35 $2, % 20-Jul Aug-11 WPC W P Carey REIT $35.80 $ $5,012 $43.39 $6, % 11-Sep Jul-12 DLR Digital Realty Trust Real Estate $78.48 $ $4,473 $69.83 $3, % 21-Sep May-12 TGH Textainer Corp. Trans. $36.63 $ $4,505 $31.33 $3, % 21-Sep Apr-12 LO Lorillard Consumer $ $ $4,444 $ $3, % 21-Sep Nov-11 ACC Amer. Campus Comm. REIT $38.65 $ $4,097 $42.95 $4, % 5-Oct Apr-12 AVB Avalon Bay Comm. REIT $ $ $4,502 $ $4, % 5-Oct Jul-12 HCN Health Care REIT Real Estate $60.58 $ $4,422 $59.60 $4, % 5-Oct Jun-12 NLY Annaly Capital REIT $16.70 $ $4,175 $16.54 $4, % 5-Oct Jun-12 CMO Capstead Mortgage REIT $14.14 $ $4,242 $12.96 $3, % 8-Oct Sep-12 STWD Starwood Prop. Trust REIT-Mort. $24.33 $ $4,550 $23.07 $4, % 9-Oct Aug-11 AGNC Amer. Cap. Agency Mortgage $28.35 $ $4,990 $34.93 $6, % 10-Oct Aug-11 NHI Nat. Health Investors (Partial Sell) REIT $40.60 $ $853 $54.00 $1, % 2-Nov Aug-11 OHI Omega Health. (Partial Sell) REIT $15.82 $ $791 $23.27 $1, % 2-Nov Sep-12 TWO Two Harbors Invt. REIT-Mort. $11.96 $ $3,325 $10.98 $3, % 16-Nov-12 MORTGAGE RATES remain at all-time lows. "Craig Brock, our local mortgage expert and bond market commentator on Positively Wall Street is actually closing HARP-2 loans for people (while many banks are hopelessly backlogged). Are you under water on your property? These new rules are helping folks who may not have otherwise qualified for a new loan at these historic low rates! Talk to Craig! (855) 900-EASY" To order my book, Best Stocks Now, click the link below: To set up and appointment with me, click the link below: Subscriptions to this weekly newsletter are $195 per year or $60 per quarter. To subscribe call us at (855)611-BEST or visit our website at You can also mail a check to Gunderson Capital Mgt. 101 W.Broadway #1975 San Diego, CA THIS REPORT PROVIDES GENERAL INFORMATION AND IS NOT AN OFFER TO BUY OR SELL ANY SECURITY. IT IS THE SOLE OPINION OF THE WRITER, BILL GUNDERSON. BILL GUNDERSON IS PRESIDENT OF GUNDERSON CAPITAL MANAGEMENT INC. A REGISTERED INVESTMENT ADVISORY FIRM LOCATED AT 101 W. Broadway #1975, San Diego, CALIFORNIA PHONE NO. (855)611-BEST. BILL GUNDERSON EDITS THE WEEKLY NEWSLETTER. INFORMATION IN THIS NEWSLETTER COMES FROM INDEPENDENT SOURCES BELIEVED TO BE RELIABLE, BUT ACCURACY IS NOT GUARANTEED. BILL GUNDERSON OR GUNDERSON CAPITAL MGT. INC. HAS NOT VERIFIED THE ACCURACY OF THE INFORMATION PUBLISHED BY THE INDEPENDENT SOURCES. SELECTIONS IN THIS NEWSLETTER ARE THE SOLE OPINIONS OF BILL GUNDERSON AND ARE SUBJECT TO RISKS AND UNCERTAINTIES BEYOND THE CONTROL OF BILL GUNDERSON AND GUNDERSON CAPITAL MGT. INC. SUCH RISKS AND UN- CERTAINTIES INCLUDE NATIONAL, INTERNATIONAL, ECONOMIC CONDITIONS AND FLUCTUATIONS; ECONOMIC CONDITIONS OF SPECIFIC SECTORS AND GROUPS AND COMPANIES; MANAGEMENT CAPABILITIES OF COMPANIES SELECTED. SELECTIONS IN THIS NEWSLETTER MAY NOT YIELD PROFITABLE RESULTS AND MAY ACTUALLY RESULT IN A LOSS OF INVESTMENT CAPITAL. AS AN INVEST- MENT ADVISOR, BILL GUNDERSON, OR CLIENTS OF GUNDERSON CAPITAL MGT. INC. MAY PURCHASE AND SELL SECURITIES IDENTIFIED EITHER IN THEIR OWN ACCOUNTS OR ACCOUNTS THAT THEY MANAGE. THEY MAY ALSO BUY OR SELL SECURITIES MENTIONED WITHOUT NOTICE TO NEWSLETTER SUBSCRIBERS. IF YOU HAVE ANY QUESTONS, YOU CAN CONTACT BILL GUNDERSON AT (855)611-BEST 28

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