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amassafortune (29.19)

November 2007

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If you can stand being wrong on a regular basis, a long-term view improves results

November 08, 2007 – Comments (0)

Today I broke into the top 1,000 for the first time. This was accomplished without closing a positiion (yet), and without any short picks. A few times, I almost made it into the top 1,000, but then the market would have a down day and the shorts would knock me back 5% or more. It surprises me that this group of stocks has done so well with only a 62% winning percentage, but when the losers include Toyota, Starbucks, Hershey, and other quality companies, it's only a matter of time before they move ahead of the S&P average. OK, Hershey may be a few years away from catching up, but it will get there.    [more]

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