Think For Yourself

Market is going higher. Healthy consilidation and built a strong base. Should breakout to new yearly highs from here into new year. Top picks EPD, Ez Corp. (EZPW), LG Display (LPL). And short higher edu school stocks, specifically Grand Canyon Education (LOPE), and basically anyone in the business of giving online diplomas in communication/business areas of study. Implementation of thesis Friday at the close and have been rewarded thus far. However with the exception of LG Display, these have 1-3 month time frame in my mind.

"These days investors have relearned that the investments everyone is talking about are usually ones you don't want to buy. The risks of chasing a highflier generally outweigh the rewards. It takes a 100% profit to recover from a 50% loss.

The best investments are usually the ones nobody is talking about. Ten years ago, everybody was talking about which technology stocks to buy. Almost nobody was talking about gold. The Bank of England could barely give the stuff away at $260 an ounce."  Don't Chase Highflying Stocks - (WSJ)