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auminer's Public Page
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February 13, 2012
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top ranked funds managed by auminer |
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Forum Topics created by auminer |
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Current rank: --- |
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Past ranks:       |
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manager profile
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| ABOUT
auminer |
| Age:
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39 |
Occupation:
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doggy-daycare pet guardian |
| Other
Interests : |
bowling, NASCAR, gold prospecting, volunteer efforts with dog rescue groups |
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| HOW
THE MANAGER INVESTS |
| WHAT
IS YOUR INVESTING STRATEGY? (GROWTH, VALUE, TECHNICAL ANALYSIS, ETC.) |
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answer --> |
I was a total newbie in August '00. I bought into a local company's IPO and lost BIG TIME. (hint: the Dallas Morning News is NOT an investment guide) Now I sometimes snipe at day trades, but I mainly look for companies that are about to go up. I buy lots of their shares. When they are as high as they are going to go, I sell them.
...
Kidding aside, that's the objective.
To find these companies, my favorite method is to find companies that are trading at a forward PEG of less than 1, that is to say, what the PEG would be with next years' forecasted earnings. I like stocks trading at a reasonable ratio (by comparison to their industry peers) of NTAV/cap. On the technical side, I think most TA is akin to reading tea leaves...or driving with one's windshild painted black, turning only by input from the rear-view mirror... and will only tell you what has already happened pricewise. That said, I don't like to buy companies that are in "falling knife" mode, preferring to wait until a base has been formed and buying interest seems to outweigh selling. I also will hold off on buying a stock if the price seems to have trouble breaking through a particular price barrier...such as Home Depot when it had trouble breaking 50 in '02. I understand that the actual price per share is irrelevant to the underlying numbers, but too often I hear people saying their target prices are those same round numbers. It invites extra selling pressure. In the modern age, anyone with 2000 bucks and a computer can trade stocks online. No longer is there the filter of placing the order with a broker and (possibly) hearing some good sense to talk you out of buying/selling. This leads to much higher volume, and huge swings on shortsighted news releases. Herd thinking can come into play as well, with healthy companies in beaten down sectors dropping with their peers to ridiculous undervalues. I believe that investing is 10% accounting and 90% mass psychology... You have to figure out what the masses are doing as well as how the company is faring.
I stay away from large caps, for the most part.
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| HOW
DO YOU SELECT NEW COMPANIES FOR YOUR FUNDS? |
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answer --> |
Overall, I just look for companies that have a low PEG. Specifically a 'forward' PEG under 0.5. A quick look at Net Tangible Asset Value (prefer NTAV/CAP > 1/3), with extra emphasis on the 'growth' factor. I'm beginning to experiment with using a 5-year PEG forecast, but I haven't yet gathered enough info to determine the effectiveness of this concept. My absolute favorite buy signal is a company trading at less cap than cash, especially if profitability is near on the horizon. There aren't many of these left right now, but they abounded right after the tech wreck of 2000 & 2001. ASKJ's performance in the first half of '03 is the perfect example. I prefer profitable companies, but often better opportunities arise in companies that are not yet, but soon will be in the black. I also DO NOT like companies with abounding "strong buy" ratings from analysts. Too many people still listen to those guys, and will buy and sell accordingly. I'd rather buy a stock that has "hold" or "sell" ratings and get the benefit of upgrade triggered buying, than have a stock that has high marks already. Dividend players have a place as well. I'll look long and hard at a company paying 5%+.
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| HOW
DO YOU DECIDE TO REMOVE A STOCK FROM YOUR FUNDS? |
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answer --> |
If I wouldn't buy it at its current price, business health, and market conditions, I find someone who would.
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about this manager profile |
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This is a profile for
auminer, a member at Marketocracy's website www.marketocracy.com. Each of the funds listed here began with $1 million in cash and a Net Asset Value (NAV) of $10 per share.
Marketocracy is the only financial website where you can simulate running your own mutual fund and accurately compare your investing skill to professionally managed mutual funds and other investors. At Marketocracy, you can manage a $1 million virtual portfolio and make trades in an environment that mirrors the trading activity of the real stock market. Our portfolio management tools help you discover your investing strengths and weaknesses and help you become a better investor. You can try different investment strategies and styles to see what works best for you in a virtual environment first, before you invest your real money. It's a great place to learn, and a great place to prove your talent.
If your track record turns out to be one of the best, you?ll receive special privileges on our website and the best of the best get paid. If you're serious about investing or want to become a better investor, you'll want to signup for a free basic membership and start running your own fund. |
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[ To signup for your own account click here ]
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Who is Marketocracy?
Marketocracy Data Services is a research company whose mission is to find the best investors in the world and then track, analyze, and evaluate their trading activity. The company?s affiliate, Marketocracy Capital Management, is the investment advisor for the Marketocracy family of mutual funds and uses the research generated by Marketocracy Data Services.
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