文档介绍：CHAPTER ONE
MY MILLION DOLLAR STOCK MARKET CONCEPT
MY MILLION DOLLAR STOCK MARKET CONCEPT
A cold wind was blowing through Wall Street in the Fall of 1971. After a
dramatic 100 point rally ignited by President Nixon's announcement of Wage &
Price Controls, the market suddenly reversed itself and began to plummet. Things
looked bad. The DJIA had just broken its support point and fallen to a new low.
Many analysts announced that we had begun a Bear market.
I didn't think so. That was because a few of the select indicators I keep were
giving bullish readings for the stock market. Reflecting back upon it, I'm certain I
was as influenced emotionally by the break to new lows as anyone. Things looked
dismal. I felt a knot in the pit of my stomach. But when I turned to look at my
indicators, the ones I will be discussing in just a few more chapters, I noticed they
were in a distinct bullish area. Their message was clear: they were telling us to buy
stocks. So I did.
SELECTING STOCKS TO OUT PERFORM THE MARKET
Within just a very few days, the market began one of the strongest advances it had
made for many years. Shortly before the market began its tremendous 22%
up-move from the 800 area to the 960 area, I bought four stocks for my own
account.
The four stocks I purchased showed increase of over 52% in value during the
next six months, whereas the popular averages increased only 22%. Had one
purchased and held the same amount of these four stocks as I purchased at the
November low point, he would have had a profit of slightly over $308,
some 5 1/2 months later.
I am giving you these facts to show why I believe my stock selection is of value
and to substantiate some of the things I am going to be discussing with you.
With a little bit of luck in calling important market turning points, one should be
able to buy stocks that show about the same percentage moves as the DJIA.
However, when you consider the four stocks I selected for my own portfo