Well, it has not been good times for those of us who are following Ken Fisher's Super Stock methods. That is, most, if not all, of the picks discussed here over the past months are at lower prices now than when they were first discussed here. I'm interpreting lower prices as a negative- although lower prices are not necessarily a bad thing for people who are coming in now or for those who want to add to their positions. Nor do lower prices invalidate the methodology - but it surely does hurt -g-.
The following stocks still represent good choices for Fisher types IMHO (and I stress the H and O in IMHO -g-): NCR (psr=.42), OLS (.31), SGI (.66), SIII (.53), WDC (.34)and others in the disk drive sector (See Lynn Segal post earlier - RDRD, SEG, etc.). For 1998, a person planning on purchasing or holding on to any of these stocks has several reasonable alternatives IMO: 1) Stay away! Run for the hills! (Well it seems reasonable to me since I own NCR,OLS, WDC all at higher prices -g-); 2)Buy a package of these stocks. (Nobody else but me that I know of, actually does this. I have added SIII at these levels.); 3)Do a lot of research on these types of companies and then pick the best candidate. I always seem to choose the wrong door in that game -g-.
White Shoes, I keep going to the thread you mention - Growth Stocks of 1998 because it keeps showing up as one of the most popular on SI. Personally and of course IMO, I think the proposed stocks there are utterly ridiculous - proposals put forward by very inexperienced marketplayers. (I can't bring myself to use the word investors.) Of course the stocks may well be winners and may well trounce the stocks mentioned here. However, on that thread --without any sort of consistent method or any underlying methodological support or any common denominator and with little discussion about a particular stock - one is basically in a crapshoot with those stocks. Same as here (-gg-) - but at least there's some kind of logic and support to it here. Consistency is here too - both in method and (sad to say) in current performance :>(
Paul Senior |
