John Ward is an independent equities trader whose methodology stems from and is founded on the collective research and studies of traders whom history has established possessed highly unusual market acumen.
For his Precedent-based portfolio, Covestor model manager Ward uses a combination of fundamental and technical analysis:
Fundamental analysis is paramount yet coupled with market timing strategies derived from the daily scrutiny of technical (price/volume) action. Above all, the model strives to remain untrammeled, to be blissfully ignorant of any and all of Wall Street’s “noise”.
On April 19th, Ward bought IPG Photonics Corp (NASDAQ: IPGP). IPGP designs and manufactures fiber lasers and amplifiers. John commented to us on this new position – in his words:
IPG Photonics is the de facto leader in the fiber-optic laser space. Also, their in-house production of important components like semiconductors chips and high-powered isolators and couplers affords them a huge advantage.
At The Motley Fool, Tim Beyers recently noted the company’s allure to big institutions:
Big Money investors see the allure. The top 25 institutions to own shares have, as a group, added to their positions in every quarter dating back to the third quarter of 2009. Dimensional Fund Advisors has been among the biggest buyers, having purchased close to a half-million shares during that period.
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At Motley Fool Rule Breakers, we’ve understood IPG’s allure for a while now. It was four years ago this month that my rebellious teammate Karl Thiel first recommended our members buy shares. David Gardner reupped the pick 11 months later. Today, the stock is a two-time multibagger for our scorecard.Count me among those who expect even bigger gains in the years ahead. IPG is a market leader that sells technology with clear, measurable benefits. Great businesses like that never trade on the cheap, which is why I’m not waiting for a pullback. Earlier today I rated the stock to outperform in my Motley Fool CAPS portfolio.
Sources:
“This Tech Multibagger Isn’t Done Rallying” Tim Beyers, The Motley Fool. 4/7. http://www.fool.com/investing/high-growth/2011/04/07/this-tech-multibagger-isnt-done-rallying.aspx
