CHICAGO, June 13, 2011 /PRNewswire/ -- Zacks highlights
commentary from People and Picks Trader
"MightyMo".
(Logo:
http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)
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Yep, Another 'I Told You So'
During the years here I've had negative comments from legit
participants about my money management techniques. All of a sudden,
those folks have become silent on this. Very simply, it comes down
to two laws of stock and securities money management rules.
Never let a profit turn into a loss
Always cut your losses short. In my case to sell a
security on average if it drops around 7% from my cost
basis.
Those two rules alone have kept me in the game year
in and year out and have kept me above water.
I suspect the very people who should be reading this post are no
longer checking out the site, have taken major hits, are in
pain and are swearing never to play the market again. ........ If
only they would have listened.
With our capital preservation program we are in (from one of
momentum investing, see the many prior blogs and comments I have
documented on this) and we are , to brag a little, doing all
right! DiviMO has been providing daily commentaries on how one is
making money during this correction. Our major goal is and
has always been to MAKE MONEY ALL THE TIME.
It's easy. All one needs to do is LISTEN to what the market is
telling you, analyzing it and making the necessary adjustments
accordingly. To provide some support, DiviMo is going to
continue his daily commentaries, telling you what he's going to do
and then doing it. No 20-20 hindsight I did this or I did that but
forward thinking on what plays he's going to make. I suggest
you click the 'follow me' button for DiviMo.
Take care.
The most recent picks by «MightyMo» are:
A buy rating on Forest Laboratories (NYSE: FRX),
a buy rating on AvalonBay (NYSE: AVB) and
a buy rating on SunOpta (Nasdaq: STKL).
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