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Gee Debby, what'd you do, to to grad-school to get a masters in "How To Ask Tough and Preferably Unanswerable Questions?" Ok, here we go Debby; what stocks do I find interesting? First you gotta understand that I am a TRADER, rhymes with VADER (Darth). I look at charts, lots of charts...and try to find a few that are in unmistakable uptrends, or downtrends. If they're in up-trends, I wait for "weakness" and a rarely catch the bottom, buy, then wait for strength...and sell. Now selling a stock that is making you money is the SINGLE most difficult thing to do. Trust me on this. If I spot a nice down-trend I wait for strength and short the stock, (I try to stay away from very low floats and a few other things that if ignored can clobber me) and then, if I'm right, (and I'm often not right) I cover the stock when it declines. Bernard Baruch once said that he got rich by "selling too soon." I do it all the time, long and short. My batting average over the years is something like 55%, but once in a while, like the past three months, it jumps to 75-80%...'cause I caught this market right and instead of playing "both sides of the street"...being long AND short simultaneously...I've been 95% short. I just bought some CREE, so I'm not stubborn enough to paint myself into a corner as some folks do. Have I answered your question Debby? Do you have any more questions? I jest. I'll always respond to you. (Lee) |
