I just noticed the seven day hottest player icon in my lucky charms.
I also see the all-star charm too. I thought this was going to take much longer to climb up the ranks.
Chris - does not expect either charm to last
By complete accident I started the CAPS portfolio for this strategy during a bear market. While this will get my score killed in the short run, in the long run this could be a barn burner. The timing was entirely accidental. In two years most of these companies should have recovered nicely.
Chris - wishing he had more cash to play with in real money right now
Stuff is starting to look cheap enough for me to think about buying with real money. The two areas I am eyeing are the blue chips and the retailers. While the blue chips aren't as beaten down as many sectors, they are still at PE ratios not seen in years. The retailers have been hammered recently and I think the game there is to find the strongest ones and buy them. No specific targets yet, but looking hard. [more]
I can already see one change that would make this strategy better and that is to wait until a stock stopped making new 52 week lows. Currently I scan the the 52 week low list at barchart.com by hand to look for candidates. I grab things that look good as soon as they show up. Since stocks usually make new lows for a while, I'm catching falling knives. [more]