Friday, December 23, 2005 4:17:56 PM
New PIC Stock.......................
International Rectifier (IRF) this week joins the esteemed list of Perverse Investment Candidates to be used with AIM. We are starting a virtual investment with $10,000 of virtual money split according to the iWave's current suggestion of 52% Cash and 48% invested. At $33.39 a share, this allows us to start this account with 143.756 shares and $5200 cash.
This stock has a pretty high BETA, so might turn out to be one of the better candidates we've reviewed in recent years for AIMing. A quick look at StockCharts.com shows a stock with broad and strong trends. Not a lot of choppy action, but ones that would allow multiple buys or sells in a string.
There also seems to be pretty good confirmation of trends with W%R and Accum/Distr. so we will feel pretty secure with AIM's decisions. With the heavy burden of cash here in this account, we can certainly average down a long way if the price retreats from our starting point.
So, we'll be watching to see how this one develops. Certainly it appears some of the earlier "fat" has been trimmed from this stock. Maybe we're actually getting some "value" here along with the hope of future growth.
Best regards,
Tom
International Rectifier (IRF) this week joins the esteemed list of Perverse Investment Candidates to be used with AIM. We are starting a virtual investment with $10,000 of virtual money split according to the iWave's current suggestion of 52% Cash and 48% invested. At $33.39 a share, this allows us to start this account with 143.756 shares and $5200 cash.
This stock has a pretty high BETA, so might turn out to be one of the better candidates we've reviewed in recent years for AIMing. A quick look at StockCharts.com shows a stock with broad and strong trends. Not a lot of choppy action, but ones that would allow multiple buys or sells in a string.
There also seems to be pretty good confirmation of trends with W%R and Accum/Distr. so we will feel pretty secure with AIM's decisions. With the heavy burden of cash here in this account, we can certainly average down a long way if the price retreats from our starting point.
So, we'll be watching to see how this one develops. Certainly it appears some of the earlier "fat" has been trimmed from this stock. Maybe we're actually getting some "value" here along with the hope of future growth.
Best regards,
Tom
Port Washington, WI 53074
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