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Politics : Sharks in the Septic Tank -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (25503)	8/30/2001 4:59:35 PM
From: jlallen	Read Replies (1) \| Respond to of 82486

Not like us young turks... JLA

To: Neocon who wrote (25503)	8/30/2001 5:21:32 PM
From: The Philosopher	Read Replies (2) \| Respond to of 82486

he has a way to retirement A way to retirement indeed. I intend to retire early next year when our house is finished. At long last I'll be able to focus properly on my investing rather than having to fit it around clients. On what I have now, I figure I can retire quite comfortably as long as I can average a return of about 10% per year. Since I've done considerably better than that every year for the past 20, I'm not worried. I tell you, if you really understand the NAIC system and adhere to it religiously, you can make money in ANY market. Let me give you one example. Check out ANF. It first showed up on my screens nearly two years ago when it dropped from 40 to about 20. I studied it, though the market was overreacting, did my dd and ran my SSG and PERT on it, and made a buy decision at about 18. It kept dropping, I reworked my SSG and PERT and added more at about 13. It kept dropping, I sweated a bit but rechecked everything yet again, got the same answer, and bought more at about 8-1/2, so far having lost over 50% of my original investment. But that was the bottom, and I held up to 30, gasped a bit when it dropped back below 20 but rechecked my SSG and PERT yet again and found it still looked good, so didn't sell out then (which would have been a profit on all three buys and more than a double on my 8-1/2) but hung on. It went up throught the 30s and into the 40s, at which point my tools said it was fully priced and dump it and take profits. So I did. And it promptly dropped back down to 30. If I still had it I would still be holding it at 30, but it's not a buy at that price. So I'll just watch it and see whether it comes into the buy range again. It's not a tech stock, has almost no following on SI (one thread has no posts, the other nothing since last November), but if you follow the disciplined guidelines of NAIC, it's the kind of stock you can make money on, and one reason I'm still up about 40% (maybe not quite that at the end of today, but haven't checked yet). But OTOH, our club goes through the preliminary analysis of about 200-300 stocks and detailed analysis of perhaps 50 for each one we wind up actually buying. Sorry for the digression, but that's what I'll be doing more of when I retire, still in my 50s, in a few months.