Two others we were following were MRVC & CPCI...MRVC no great shakes, same for CPCI, went up, then down...currently down about 20%. But I do believe a longer term focus is in order for some of these stocks.
If Dan doesn't care to, I would gladly volunteer to co-ordinate a similar thread for 1998...with similar 'screens', and go with 5 new stocks. We should continue to monitor the 5 from 1997.
Here is a suggestion: I will post the year's record sometime around Dec 31.
Another suggestion: in a day or so I'll start a similar thread. People will be asked to submit their picks for 1998, based on growth prospects and sound investment ideas, there should be screens as before to prevent everyone from hyping their favorite 'hot stock'. Given 2-3 weeks we should have enough suggestions to pick 5 really good ones for 1998. And with the year-end selloff, maybe our 1998 results will actually look good--lots of bargains out there! Let's make the deadline for submissions Monday, January 5.
Looking back on the old picks might help us to learn a bit as well.
We will need a moderator like Dan to select the final picks but in the meantime we can discuss some interesting growth issues & learn a bit from each other in a collaborative effort. I always look forward to exercises like this to learn what others know about both technology trends and financials. NO TECHNICAL ANALYSIS HERE!
A great way to cash in if you know what you are doing is in "broken charts"...the ones that have crashed but are still high growth stocks. We could have 2 lists..."brokens" & "non-brokens". Seems like every techstock had a severe meltdown this year...I am talking about those huge 40%+ one-day or one-week drops when a co. revises earnings downward or gives a warning. Telling the difference between truly troubled companies and buying opportunities...that would be the difference between finding 5-baggers and going to zero. Perhaps the answer is, own a basket of these and watch one go to zero, one go down 20%, one go nowhere, one go up 10%, one up 50%, and one turn into a ten-bagger.
Here's to long term growth! |
