Stocks previously posted by me as "Pete's Picks" are beating the market.
I now have little time for statistics on all my picks but will do so in due time. My jury duty is not forgiving. Some stocks that have beaten the market by a lot in the "Large stock" group are: TM, Toyota Motor, which has surpassed Chrysler in sales & is getting big in China. SHFL, Shuffle Master, and IGT, International Gaming, are both monopolies in casino equipment manufacturing. Some of the previous small capitalization "Pete Picks" that have skyrocket in price are GIGM, Giga Media in internet gaming, expanding product and penetrating the China market; ZENX, Zenex International is in construction and has unbelievable growth and expanding product ; HOM(name missing) is a profitable storm remedial Co. ; TGC, Tangasco Inc. a small oil & gas exploration and producer that is zooming into profits. My overall list is doing wonders with anything in O&G , Precious Metals or Commodities a near automatic winner. Yes, my portfolio is ahead over 50% YTD! Happy Hour ! I am averaging out(selling) a small % and usually wishing I hadn't sold. I do not own all that are on the "PETE Pick" list because of limited cash. I remain 90% positive on the overall market and am fully invested. If I need cash, the low commissions at a fraction of a %, make selling to get cash easily available- it's just sweating another transaction decision. Gold at $667 and Silver at $14.24/ oz. are at 25 year highs. The Bolivia move to take over private O&G Cos along with Venezuela threatening to do the same is more than enough to support energy prices. there is a built in premium for Iraq & Iran WAR threats. Over 3$ gas keeps the energy hype at a high level. No doubt that with my limited time (again -jury duty) I will be watching my portfolio ahead of posting here. The number of comments to my blog are SLOWLY growing but more would help readers get a balanced view. I still invite anyone to make specific inquiries or add their comments below. Thanks. by- Pete the poster of "Pete's Picks"
posted by Pete at 1:12 PM
1 Comments:
Thanks for the inquiry Calisdad. Yes I have both ($ & time targets) at the time I buy Most important is to know yourself (limits) & that you have a plan and follow it to establish your capability VS a plan. I do a lot of TA & FA to get to know as much about the Co as possible even after I buy & some about peers. My time frame is usually few months ( because I'm not patient) but if it hits the %s earlier it goes into a watch mode for further review of FA 1st and TA AGAIN. Target is about 40 to 50% up and 10 to 15% down depending on stocks volatility & my confidence level. There may be some fine tuning after the update with more emphasise on looking for negatives as one often ignores this in order to buy ( kids new game theory). I force myself to put limit orders in then or if I'm away from market for days or more. Since I'm following the market full time I allow myself the pleasure of a small % deviation dependent on the overall market trend but I record the change and don't play wild games with my PLAN. I thus limit my emotions and don't dump the game plan on hopes. I don't deliberately look back once I pull the trigger. All the market is speculation. We know so little compared to insiders, the market is fickle, so I don't blame myself or others but control my emotions or set the limit orders and walk away if it gets crazy or emotional. My experience is my plan is nearly always better than emotional quick actions outside of the plan. It ain't easy nor all winners so I try to enjoy myself and be confident in my plan- it is my best- sink or swim ! Your limits need to fit yourself. Take care & keep in touch. I follow Syl for FA judgment but less on his TA recos or non O&G. We are different.
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