Sun,
First off let me begin by "repenting" for, exchange2000.com
and reiterate my offer to take you bowhunting on your next stopover on Maui. You might also consider checking out honokeana-cove.com as a place to hang your hat while you're here. Great views of Molokai and great snorkeling less than 50 feet from your couch. I'm Resident Manager there and while I probably can't negotiate a discount I think you'll find that our rates are quite reasonable for this area.
I began my initial foray into stocks after studying the CANSLIM method put forth by William P Oneil. He emphasizes solid fundamentals, consistent increases in EPS, and mechanically cutting losses at 7 or 8%. Problem is, I just couldn't bring myself to cut my losses that early given the day-to-day volatility of todays tech stocks. Result? Tragic. I am sitting on several stocks with great fundamentals, lots of cash, cutting edge technology and products, and paper losses exceeding 50%.
A friend says that the focus on PRIOR earnings just isn't enough in todays environment. An investor needs to get his hands on PROJECTED earnings information and corporate strategies to reliably pick a winner. Problem is, (he says) nobody but insiders are privy to that kind of infomation so the little guy gets locked out. His recommendation? Buy Mutual Funds, add money regularly, take your 8% annual return, and bank on compounding.
Any thoughts?
Mike |
