Suppose you find a sector you are bullish about. There are several ways to go long (I'm stay out of discussing options because that is a whole bigger galaxy of complexity). You could go for the top performers in the belief that strength continues. You could buy the laggards in the belief that they will catch up. You could buy a sector ETF and gain diversity within the sector. Go with the first choice, buy the strong. The weaker cousins in a hot industry are not performing for a reason. They have whatever sector advantage the successful companies have but for some reason still can't get things done. As for the sector etf, all it does is pollute those strong picks with the weaker cousins. [more]
Most people flog investing in India as the 2nd comming of the capitalist messiah or some such. They say it is a huge growth story. If only most people switch to eating two meals a day instead of one. If only they upgrade from eating just rice and veggies to eating meat. If only they get cars. If only if only if only... [more]
I have 201 active picks again. I'm sure its that 1 extra pick that will propel me to victory and glory and 99th percentile. meanwhile back in reality land I'm sure I'll be closing some picks monday and then I'll get capped back to 200 since I have no idea how I broke the 200 cap this time or last.
question for the allstar crowd
What do you do with an underperform pick that you cycle once it drops below the caps minimum of 1.50/share or 100M market cap? do you close it and free up the slot or do you hold it and try to get some more points?