Hi Wayne,
I think you're overlooking what I call "The Stockpit Factor".
It goes something like this:
1. Wayne see something on his scan
2. Wayne mentions it in the stockpit
3. Mysteriously, for no apparent reason, the price shoots up within a few minutes, lol
4. By the time Wayne is able to submit his post to SI ....
This doesn't always happen, so I'm not implying that anything is pre-planned, and there are several variations of what happens to the stock after you post on SI. But for this "pitless guy", I have to take "The Stockpit Factor" into consideration everytime you post something during market hours.
In the case of PNAC, after the burst, there was a sharp selloff, giving others a chance to buy. I have seen this happen more than once and have actually profited from it in some cases (ISSS last winter, for example).
Just my thoughts.
Regards,
Chris |
