Automatic Investment Plan Confirmed

Today, my new Automatic Investment Plan kicked in.

I got 2.1473 shares of Apple (AAPL) at $347.42 per share.

Analyst predict AAPL will go up to at least $400 in the next 18 months.  Watching the charts, this statement is not too far fetched.  Plus, with WWDC 2011 just around the corner, AAPL is poised to release their new Mac OSX version (Lion) and people still hope for a new iPhone 5.  Even if the iPhone 5 does come out in the fall (per rumor mills), AAPL is all but guaranteed to have record sales for 2011 because of the iPad 2, new iMacs, Mac OSX Lion and the iPhone 5 (with some push for the iPods in September).  Also, this weekend marked the first time AAPL beat Google (GOOG) as the world's most valuable brand.  AAPL is kinda down today... most likely from profit takers or mutual funds re-balancing their positions (Like the NASDAQ index).

I got 1.3806 shares of Lululemon (LULU) at $98.51 per share.

Currently, LULU is a bit higher than when I placed my order.Roughly 2-3 points down from the Day's high.  I still believe LULU has some room to run leading to the impending 2-1 stock split in June.  It is also not too far fetched that LULU will be the next Chipotle or Netflix.  High quality brands and room to grow in the US, Europe and Asia.

I got 2.9717 share of Xilinx Inc (XLNX) at $35.67 per share.

I bought some more XLNX ahead of it's X-Dividend date of May 16.  If I had more cash, I'll buy some more.. I'm practically getting paid to buy the stock.  I'll probably lock in some earning or re balance after I get the dividend reinvestment.

With this action, I'm a bit overweight in the Tech Sector.  This is a no no.. but in this case, I think I can ride out the imbalance because of two impending events with my 2 Tech positions.  Apple's WWDC and iPhone 5 and XLNX's X-dividend date.

I'll reconsider my positions as soon as these events pass.

Trying Again

I just placed a LO for LULU at $88.90.

Currently, LULU is at $89.17, $0.08 off the 52-week high of $89.25.

I expect some profit taking tomorrow and I can finally get a position in LULU.  Even though the stock price seems high and I may have missed the rally, my reason to invest in LULU (Growth in US, Male and Youth Market, Opening a Store in Hong Kong and Possible 2:1 Stock Split) has not changed.  Unless these fundamental info changes, I'm bullish that LULU still has room to grow.