When You’re Wrong, You’re Wrong

by Investment U Research Team

Look, if the market turns against your position, it turns. The best thing you can do is to be prepared with a systematic exit point with a trailing stop. If a person screams, “it will rain” at the sky long enough, it will eventually come to pass.

But that doesn’t mean they caused it to rain.

Trying to get a handful of stocks to move in the direction you want them too has about the same effect. It’s why we prefer systems and strategy instead of hope. Hope isn’t a plan.

As part of our research, we like to look back to see if a thesis or market opinion was correct. It’s why we’re looking back at a few of our Blackboards from last week and the stocks mentioned in them.

E*Trade Financial (Nasdaq: ETFC) was a stock we looked at last Monday in Price Wimps of the S&P, and two days later in E*Trade, Forgotten Profit Center. We’ve been happy to see it jump over 150% in just over a week.  Not too shabby.

And before you think we cherry picked that stock, take a look at some of the other companies mentioned in that article.

American International (NYSE: AIG) is up 437% – who could have seen that coming?  Genworth Financial (NYSE: GNW) is up 141%, Tenet Healthcare (NYSE: THC) is up 15%, and Office Depot (NYSE: ODP) is up 88%. That’s an average increase of 166% – not bad at all.

It goes to show you that there are the potential for enormous gains in a short period of time. You just need to be looking for them. 

Companies mentioned in this article: ETFC, AIG, GNW, THC and ODP

• Price Wimps of the S&P 500
• E*Trade Attractive Again?
• E*Trade Forgotten Profit Center

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