Trident FY Q1, '09 Guidance Misses By A Mile
Proof again that things are never so bad that they can't get worse. The headline is from Barron's and unlike some headlines, this one is right on point. I promise never ever to own another MFI tech stock that everyone knows is in a product replacement cycle and has no chance of making as much money as last year. I have a long list of failures (OVTI, IVAC and TRID) and very few wins (SIMG). It doesn't seem to matter if they have a boatload of cash... they'll burn it looking for the next holy grail.
Now for something a little more fun. Anyone who looks at the MagicDiligence site knows that it posts for the world to see what percentage of the stocks are beating the S&P and the amount in total they are beating. As I have mentioned before, Steve has done quite well, and arguably via a less risky route. Let me see if I can cut and paste the latest standing:
No, I can't do it. So I'll type it:
"Top Buy Picks
Magic Diligence: -1.07%
S&P 500 ETF: -7.10%
59% of our picks outperform the market"
Just for fun, and to tweak Steve a bit, I am starting my own approach and we'll see how we're doing a year from now. I also started an approach (which I have mentioned several times in the past 7 months) where I "buy" a stock when it hits the top 25 list greater than $1m for the first time in at least 6 months. I do this by pulling in the top 25 list every weekend. I then assume I buy at the close that Friday. So far my approach is outperforming the S&P by 8.3%, with a stable of 33 stocks. Since I have a 2.3 point lead on MagicDiligence, I'll assume I bought each stock 2.3% higher to make it even-steven today. Also, please see my caveat at the bottom of this list that I am not giving stock advice and in no way am I advocating using this approach (I certainly don't).
|Symbol||Date||Original||Current||Dividend||S&P O||S&P C||S&P D||Stock Chg||S&P Chg||Diff|
|63.6% of stocks beat the S&P 500 Benchmark|
Let the challenge begin! Note I added QCOR today. Please note that I am not advocating using this approach... it will undoubtedly be riskier than what you see in MagicDiligence as I do no research and will have microcap stocks in there.