Replies to post #9835 on First American Scientific Corp. (fka FASC)

[Jagman]

terry hallinan, you know there are always exceptions to the "rules". If Motley Fool wrote an article how smoking and heavy drinking lessens your life span, you would reply that you had an uncle who smoked two packs of cigarettes a day, drank a fifth of whisky a day, and lived to be a 100! LOL!

The "task" IS probably nearly impossible for MOST investors as I would guess MOST investors are not capable of breaking the world 100 meter dash record. IBD spells out many investing "rules" that if followed lower your losses and lock in gains and works for many investors. Personally, I find the discipline very tough to follow. Peter Lynch and Warren Buffet have also been very successful and very clearly stay away from the "pennies".

But, good luck to the Brad Kelley wannnabes. Sure makes the stock boards interesting!

[Jagman]

OT: (should have been using, sorry!) Terry, back in 2003 I started a "Portfolio" using the Motley Fool stock screener,

http://www.quicken.com/investments/strategyexperts/?strongpicks=fool

I would check it weekly for new entries, and put a 100 shares of each in the "Portfolio". There are now 84 symbols, 49 are up and 35 are down. Overall the portfolio is up 21% which isn't too shabby considering the markets during that time and no effort to be more "selective" on my part. If I had been more sellective in the ones I picked, I'm sure it would have done much better. Some of the bigger winners, UPL up 364%, MVL up 218%. APPX up 178%. The point is, stock selection based on fundamentals is the "safest" way to build assets over time, unless you are a Brad Kelley.