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To: freeus who wrote (6162)2/13/2002 6:37:14 AM
From: Sig  Read Replies (2) | Respond to of 13815
 
We generally know which stocks we are both working with
I doubt if they are discussed or bought in stock club activities.
Consensus at a stock club is usually non-profitable, since its more of a social club, discussing stocks in the news
and thus well known and priced.
But ten years from now anything we learn can be useful.
Those who get caught up in the detailed use of options, puts, spreads,and roll- outs indicate they are probably struggling to get a win versus finding the right stock to begin with.
I am avoiding the big caps, now mostly controlled by institutions and less responsive to company performance.
When Greenspan "took her down" they had to make it almost impossible for a person to win ( otherwise some smarta$$ would end up with all the $'s), which means the old rules could not be permitted to work.
So this market is different.
I find the stocks that can do best are those smaller caps with few splits and few options.
Those with no options include Brli, Crft, Geacf, Smd, and Ally has very few. Geacf are not available outside of Canada
Those with no splits include Bprx, Brli, Yum
Those with few splits are Geacf -1, Crft (2), Dfxi-2, Smd -1 reverse
So these are not stocks well discussed on the threads, not much news. And that also seems to help.
Dare to be different- consensus can hurt.
News is a killer, I placed an order to buy YUM on the previous days good news, them realized how many times I had been burned by doing that and pulled the order. Investors today are taking the slightest profits.
Not wanting to be a trader, I still look for the B+H stocks but it takes months of owning one to recognize
that it can actually be one...
Sig



To: freeus who wrote (6162)2/13/2002 9:24:25 AM
From: Venkie  Read Replies (1) | Respond to of 13815
 
We are in the beginning of a new bull mkt.