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Today was a perfect lesson on the benefits of diversification. We beat the market for the third straight day. The S&P 500 went up 0.35%, and our Buy List was up 0.56%. Ten of our 20 stocks went up, but the individual performances were very uneven. Biomet (BMET) was up 2.4%. Home Depot (HD) and Golden West (GDW) both rose about 2.8% (GDW made another new high). And Varian Medical (VAR) was our big winner, rising 4.2%.

Outside our Buy List, Genentech (DNA) fell 4.4%. Frontier Airlines (FRNT) continued to plunge. It’s now down to $7.89. The stock is probably trading around 10 times next year's earnings. Google (GOOG) made finally cracked $475 a share today. General Motors (GM) fell 20 cents to $21.86 a share.

Posted by edelfenbein at January 11, 2006 5:00 PM