What's this thread about? Well, beside quarterly stock contests (see below), it's about sensible stock picks with better than average odds of success. After all, we've all learned that we have to work harder to not only make money in the Market, but preserve it, too. But how?
OVERRIDING PHILOSOPHY- I am more convinced than ever that the best way to be successful is to BUY QUALITY STOCKS AT THE RIGHT ENTRY POINT.
"Quality stocks" are those that have reasonable PE's, PEG's and Price to Sales and improving fundamentals or momentum. (It should be noted that I normally don't short stocks). The "right entry point" is accomplished by picking a watch list candidate that has reached a favorable entry price based on chartwork, news, and fundamentals.
Why is this a good approach? Simply because more than ever these are the types of stocks that most of the big money will flow into, as Fund Managers, baby-boomers, and even many daytraders don't want to get scorched again risking precious capital on over-priced momentum stocks that could take a big hit at a moment's notice.
TYPES OF COMPANIES - We love technology but we need to pay careful attention to sector rotation. We rule out no sector, so we track Drug and Biotech stocks, Healthcare, Banks, Retail, Oil and Gas companies, Security, Defense, Consumer cyclicals, etc, etc. Technology may not be the best place in 2002, so it pays to diverisfy and stretch out our watch.
TRADES AND INVESTMENTS - Of course, we'll look for special situations and occassionally discuss select low-priced, highly speculative issues or stock options. We'll even look for long term plays, but the main thrust of this thread is:
SHORT AND INTERMEDIATE TERM QUALITY STOCKS with FAVORABLE REWARD-TO-RISK based on chartwork, news, and overall market and sector sentiment. In other words, "Trades That Make Sense!"
****
CURRENT CONTEST PORTFOLIOS (20 min. delayed)
Message 16869866
Click the above link to see where you stand. The current contest ends April 1, 4:15 EST.
OUR LANDSCAPE PHOTO WEBSITE
The winner and runner up get non-monetary, original signed, photo art from our gallery at naturescapes-gallery.com
Stop by for if you love landscapes or just want a mental break. Donations from a percentage of photo sales are made to the World Wildlife Fund and SI members receive a 20% discount
OUR CHARITY OF CHOICE
World Wildlife Fund website: wwf.org
FINANCIAL SITES WORTH CHECKING OUT (FWIW)
1) CLEARSTATION.com (great education and chart analysis site - bound to make us all better traders and investors)
clearstation.etrade.com
2) STOCK CONSULTANT.com - amazing amount of analysis and some relatively simple to understand buy/sell advice. I am still checking it out to see how much it could help increase trading results. You may want to as well.
stockconsultant.com
3) SHORT TERM STOCK SELECTOR: apparently has had 70% returns using computers only: "Who says computers can't pick stocks? Free picks daily by a neural net computer program with an impressive 70%+ ROI." I'll be tracking this for a few months to see how they do.
home.flash.net
3) DOH.com: (love the name since I love the Simpsons); Looks to be a good site with excellent links to other sites. Their medium and especially long term picks seem sane and sensible. Another new one to watch for awhile.
doh.com |
