Technology stocks posted big gains, with the Nasdaq gaining the equivalent of 75 Dow points. As far as our model holdings go, it was sweet for a change in this sub-par year. 3Com continues its attack on higher ground with another point and a half today. Yesterday, 3Com's management painted a bright picture for the future and the stock soared. Also up strongly today were ADC Telecom and SCI Systems.
Tomorrow is the day when all of the monthly models get updated.
So, if you're following the monthly models and aren't quite sure how one rebalances all the positions, here's how the updates work. After parsing out the new rankings, you would sell any of your current holdings that are not still among the top-ranked stocks on the new list. Then, calculate your total portfolio value and how much you would hold in each position to make them even. Use your judgment and recognize that close enough in this case is better than being perfect if it saves you some trades. We'll post all the rankings changes in the IFG Statistics Center just as soon as their available this weekend.