Read MightyMo's blog in RSS
December 6, 2010
Edited: December 6, 2010
Share This
Just because a stock is high priced or hits a new high doesn't mean it's expensive. In fact, all these stocks are higher now than their highs of Nov 17.
(by the way, the term 'expensive' and 'cheap' is something the 'value' investor and others have thrown at your mindset to deceive you of a possible 'money-making' stock. A stock can be 'expensive' and also be a money-maker. There's a reason good autos, appliances, TV's are more expensive. They're better and/or more in demand. There's a reason a stock is 'cheap'. Unless you're privy to a lot of information and able to analyze it correctly, you can easily make the wrong call that a stock is 'under' value. One must always look at a stock not as if it is a good, poor, or bad stock but if it is a money-making stock for you)
Stocks added to the list are PRNA and CMI, both around 100-103 per share today.
List below are the original pig stock selections and their price range on Nov 17.
Based on this theme, here's the criteria for this list:
1) The stocks must be priced $100 or higher
2) The stocks must be growth stocks
3) The stocks must be in a up-trend upward mode
4) The stocks must be in a strong sector
5) The stocks should 'get it'. (That means they are well-managed, with defined future plan, and with preferable a strong ceo).
In no particular order, these are the seven stocks:
Autozone. AZO 248-250 (Auto Parts)
Chipote. CMG 230-234 (Eateries)
Apple. AAPL 300-308 (Technology)
Baudu Inc. BIDU 110 (Internet)
Priceline. PCLN 414 (Travel reservations)
Netflex. NFLX. 170-173 (Video rental)
Amazon. AMZN 160-165 (Internet Retail)
Interesting to note that all these stocks are currently above their price point of Nov 17 when most of them were at highs at that timeframe.
A new selection criteria I am considering is that the stock must show not only revenue growth but also earning percentage growth. I also deleted the criteria of only one stock selection per sector. If a stock is in the same strong sector and going to possible make you money, then list it.
Candidates for future enlistment include CRM, FFIV, FCX, GOOG, WLT
