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Re: None

Wednesday, 11/20/2013 8:25:13 PM

Wednesday, November 20, 2013 8:25:13 PM

Post# of 232783
I just found a list of stocks that I screened for innApril of 2009 ( close to the market bottom) that met IBD's screens for socks under $10/ share and top composite ratings ( good earnings growth, sales, etc., acceptable ROE, etc.)

4+ years later ( and only looking at the first page and not studying all of the charts), based on price only, they most of the stocks have only doubled.

While some of them went higher and then dropped back to current levels, the point is that even stocks/companies with good fundamentals by investment standards can fizzle out after they had looked cheap and attractive earlier.

Consider a company like LQMT. They might have their day n the sun and reward shareholders handsomely. They could everything perfectly from here on and a competitor surfaces and takes over their potential market.

Anything is possible.

The reason that I like stocks/ companies with attractive and accelerating positive financial performance ( by several metrics) is that if the trend is right, they can continue to do well, for awhile.

But eventually, in most cases, all things come to an end, or change, or shift, etc.

My case, why not hitch a ride n a train that is already moving and proven coming out the gate vs. this wait and hope and see business.

Someone on this board tried to convince me that there was accumulation going on with LQMT according to the charts.
My charts don't necessarily show the same trend.

Maybe we use different indicators.

Unless you have inside information, it still looks iffy to me.

Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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