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Pastimes : SI vs. iHub - Battle of the Boards Part 2 -- Ignore unavailable to you. Want to Upgrade?

To: Francois Goelo who wrote (2786)	5/26/2001 7:17:47 PM
From: The Philosopher	Read Replies (1) \| Respond to of 5315

NO Trading Record to Show, Huh? Well, I don't trade. I invest. So no, I have no trading record to show. As to investing, I am generally a buy and hold investor. I choose stocks of interest based on their fundamentals, following largely the NAIC principles. Once I have identified a stock of interest, I look at whether it has reached an attractive entry point. If it has, I buy. My goal is 15% annual appreciation. I have done a bit better than that; last year, for example, the stock club I participate in had a certified return for the year of 101+%. We were edged out of first place among all stock clubs in the regional club contest by .008%. We suffered, of course, in the pull back; we had only sold half our ADCT (though we sold it for more than a triple, so we covered all our basis plus), and other holdings such as Microsoft, which we finally entered at 61, have yet to perform to our hopes, but for the history of the club we're still up over 28%, which I find perfectly satisfactory. As to more specific holdings, we/I (to a certain extent my personal holdings mirror the stock club) hold WPI, which is doing just fine for us, BGP, which if we sold it now would give us an annualized return of 17%, which meets our goal but isn't tremendously exciting, we sold half our ANF for a triple, again covering our cost plus. If you were interested in investing, I would get more specific, but it doesn't seem as though you are, since you seem only interested in trading, which is something I have no interest in, and since you seem only interested in penny stocks, whereas I am only interested in stocks with a demonstrated history of revenues and earnings. So we don't seem to have much in common. Which suits me fine.