Should You QUIT Your Retirement Account?
Here's my situation... I developed a fairly safe way to analyze stocks based on a set number of factors through Motley Fool (CAPS) Screening Program.
Based on that I spotted (MKSI) back when it was $20.80 and today it is $29.79, a better than 43% jump.
Should I just...uhm....get insanely aggressive here? Am I on to something?
Can I spot some more big moves with this strategy or would I be playing with fire?
Here's my situation:
(F) Ford is a Double+ Bagger for me, yes, even after the price fell below $16.00. $18.00 even marks it as a Triple Bagger.
(DPS) Is better a Double Bagger for me at $40.00.
(GAME) Is priced with a solid profit for me right now if I sold it tomorrow.
So... Let's say I just QUIT my entire retirement strategy and went for it all...double or nothing...straight into whatever STOCK I believe is the next one to jump sky high.
I know what you are thinking... Varchild, you'll get burned because you are not Nostrodamus.
But....I can't help but think that I am at a level having been in the market since March 2008 where I can spot these things....With this simple way to stock pick:
A) Look for stocks trading with really low volume
B) Of those stocks, search for ones in a economic field that I am most knowledgeable with.
C) Identify any obvious Sales Discounts and Potential at Retail Outlets for the company's products to start selling like hot cakes. Like when Paul's T.V. was giving away Video Game Systems with the purchase of an LCD T.V. That motivated me to like MKSI.
D) P/E Should be single digit or significantly below the average P/E in its industry.
E) Debt Free Stock with an Insane amount of Cash on balance sheet... At least $1.00.
F) Must be a Mid-Cap or Small-Cap stock.
So.....Yea...Kicking myself here for not jumping on board MKSI, abandoning my Stock Portfolio for this approach.
Course... if I can somehow find more than 1 stock that fits this modus opperendi then why not diversify among those 2 or 3 stocks that are sitting, waiting, for people to notice them?
Just getting sick and tired of identifying smash hit stocks, months later they soar sky high, and I am sitting with the same stocks that I've bought and held for years....
Of course, I won't make a move until Earnings Season is over.