Irwin Financial Corp (IFC)

jmofield (< 20) Submitted: 5/09/08 9:30 PM : Start Price: $4.60 IFC Score: 6.91

I have decided for the next serveral weeks to change my investment strategy to be short stocks trading between $1.50 and below $10 with a market cap of more than $100 million. My goal is to acheive at least a 60% sucess rate of beating the S&P Index. I am looking for 30% of my picks beating the S&P Index by more than 5% with an average per pick of at least 1.50. I am only looking to hold these positions for approximately 10-15 days.

I would like to go ahead and have all 200 picks using this strategy but right now I playing the market to the downside since April 30, 2008. I am short Long and Ultra Long ETF's and long Short and Ultra Short ETF's. As of Friday, May 9, 2008 that strategy is flat and hasn't produced favorable results. If next week, we see continued weakness in the markets and lose about another 2% then the strategy will work out pretty nicely.

All the picks that I select are from screening criteria that I have developed using software from Vectorvest. I find it to be a good screening tool. For game playing purposes, since I always try to have 200 picks going at once, it's a shot gun approach with only short term trading in mind.

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