I never participate in this challenge because my stock picking is mostly based on evaluating all you guy’s posts, looking at the charts and choosing five stocks I like. I say five because I love UVE and will always pick it until I change my opinion on it.
AEY – At the time I picked it, I thought it would hold its 200 MDA and was grossly undervalued. Oops.
FHN – I bank here. I think they will lower their dividend, but I thought it was a $24 stock trading at $16. Oops.
PBR – This is a large cap stock which had had a huge run up so why select it? Well if true their deep water find is big enough to change the balance of power in the world and could result in a many bagger. I thought it would at least hold up in a poor market. Oops.
SGZH – Discussed enough already. I have a traded to a zero basis in this one and I thought that it would bounce nicely after the reverse split. Oops.
UVE – Never get married to a stock. Well I am and will continue to be. Has worked well for me financially and during prior contests. Oops what a fall.
WEL – I like to use MSN Money’s stock screener. WEL fit the criteria I entered, is oil service and looked under valued. Time will tell.
Needless to say my picks suck so far. I will use my trades when available and I have a clue what to use them on. Anyone say reverse ETF’s. Dan
