If you like to keep it simple you will love this Rule of Thumb for speculative stock picking.
"Any time a stock goes over $20 per share for the first time in its history, then it will run to $30 per share."
It does not get any dumber than that. No earnings surprises, no new product, no new CEO, no takeover news. Nothing. And I do not know why. Check it out yourself on any stock, especially ones that IPO'd in the last ten years. Most recently it happened to STRP, a communications company. You could have bought it anytime in the last year when it popped over $20, ridden out a little wiggle in price, and then cashed out above $30. You did not have to stay glued to your computer 24/7 because you had plenty of time to get in and get out and still make a decent profit in a short period of time.
How do you find these dumb money plays? Do a stock screen for any stock between $10 and $20 per share and note which ones are closest to $20 without going over. Then wait for one of them to pop over $20 and then buy. It could take two weeks or two years but the chance is really good that it move over $30, a 50% gain. Then brag as much as possible at the next happy hour about how savvy you are at stock-picking. Please buy a round of drinks. It will be easy because you did not spend anything on a newsletter.
"Any time a stock goes over $20 per share for the first time in its history, then it will run to $30 per share."
It does not get any dumber than that. No earnings surprises, no new product, no new CEO, no takeover news. Nothing. And I do not know why. Check it out yourself on any stock, especially ones that IPO'd in the last ten years. Most recently it happened to STRP, a communications company. You could have bought it anytime in the last year when it popped over $20, ridden out a little wiggle in price, and then cashed out above $30. You did not have to stay glued to your computer 24/7 because you had plenty of time to get in and get out and still make a decent profit in a short period of time.
How do you find these dumb money plays? Do a stock screen for any stock between $10 and $20 per share and note which ones are closest to $20 without going over. Then wait for one of them to pop over $20 and then buy. It could take two weeks or two years but the chance is really good that it move over $30, a 50% gain. Then brag as much as possible at the next happy hour about how savvy you are at stock-picking. Please buy a round of drinks. It will be easy because you did not spend anything on a newsletter.