A few weeks ago I wrote a post called ‘Downsize…Focus…Pounce ‘ that was aimed at getting people to focus – on the optimistic.
The first two ideas that I posted on watching, ideas that I went long – Qualcomm and Biotech ETF’s, have now both exploded.
I had no special insight or inside information. I don’t manage a billion dollars and don’t comb SEC filings. I definitely don’t call CEO’s or look at investment bank research.
I look at symbols and price and I do it every day (have done so diligently for 15 plus years – 10 plus as a hedge fund manager). Watching the price action and looking for strength attracted me to the ideas.
With Qualcomm today settling with Nokia and surging to post bubble highs and Genentech getting a bid, one thing is reinforced:
MONEY LEAVES FOOTPRINTS!
For the average investor, following price can lead to big gains.
Just as important for the average investor:
Following news can lead to big losses.
Don’t make this stuff too complicated. Leave that to putz’s like me.