Posted by: eminitrader April 24, 2007
Making Money with Eminitrader
Login in to Rate this Post:     0       ?        
Jhalincha: Those are great stocks but it seems like we missed the boat. I was reading about some fund manager, not sure whether it was about Bogle or Templeton but they bought stocks that were making new highs and they had a great track record. It is a good way to make money if we are in a sustained bull-market but in a bear market and range-bound market it does not work as well. The other problem is the draw-down so your time horizon should be pretty long-term. This works great for institutions but for individual investor it might be hard. What I would do is put these on the watchlist and next time when there is a sell-off, I'll look to buy those. These stocks could go higher but I cannot quantify my risk on the trade at these prices. SBGI seems to be a little toppy here.
Read Full Discussion Thread for this article