William,
In a perfect world everyone could buy and hold zillions of shares in zillions of equities. However, this is not a perfect world and to have money dormant in this bull market, waiting for a breakout that both you and Rande will admit can be as long as 6 mos to a year, may not be practical for many. I would have like to buy all of your and Rande's picks, but I'm happy to say that, by using the capital for short termed trades, over the same 6-12 months, I'm up over 600% (Admittedly, a couple of IPO's helped) I got a little PARA yesterday when I noticed it being mentioned more than normal. I write this because it appears that you are always so puzzled that people 'wait for breakouts'.
It's simply another style that allows for a more liquid port. Your picks are some of the best, and I for one, thank you for sharing them with us.
Fred |
