Just a little FYI for everybody reading this thread. For fun,I went
back and tallied the profits/loss for the first ten stocks that were
highlighted/recommended by SI members on the "January Selection"
screen. Assuming an equal amount was invested in each,the return was
a tepid 16.6 %. I'm afraid, as a group, we really stunk (or is it
stank) up the place. What'd the Dow start the year at? I think it
was somewhere close to 4900 -- if so -- we underperformed the Dow by
about half.
In our defense, there was one company that really torpedoed the whole
portfolio....some outfit called ManageNet.(or maybe it was NetManage)
It cratered a whopping 74% !!! Without that stinker in the folder, we
would have scored a more respectable (but still market-lagging), 26 %.
I highly recommend reading the ManageNet comments from last January to
present. If kind of reminded me of watching the TV movie "Titantic".
Everyone in the beginning was very happy... bullish, then, ManageNet
slams into a "financial iceberg". At first, most are in denial, some
are even averaging down. But ever so slowly, reality begins to creep
in. The guys with good survival instincts all slip on a dress and
head for the lifeboat--but many others couragously stand their ground,
frantically bailing water as the the once high-flyer slowly sinks
further and further into the murky depths.
It's really sad. Anybody whose invested for a while has most likely
"been there -- done that".( hell, I've even bought the shirt).Look and
see if you recognize yourself, you attitude, as you read thru it -- I
know I did. Businessman-talk-show host Bruce Williams has a saying,
..."Never fall in love with something that can't love you back". In
other words, don't be afraid to let go of something that's trying to
pull you under.
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