Last year, I did well by heavily acquiring companies which appeared
down for tax-loss selling. By the end of March I was up 20% in a
diversified portfolio, largely due to unexplained bounces in depressed
shares on no news. I've since lost it all and feel lucky to have ended
year even, but I count at least one year - the only year I tried to play it -
as a successful January effect play. Once again this year, I'm heavy
into depressed shares - CSE, DSWLF, ELAMF, LHO, FINL, TBL, MWY,
NE, RIG, TDW, MPP, LTR, BHP, USU, WHX, UBB, TIE - most of which
have had a little extra pressure the last few months. So this'll be
my second experiment with the J effect.
Mike |
