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My strategy
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I look for beaten down stocks, or stocks that are showing a pattern that would determine upward movement. Generally I like to look for stocks that most others are viewing negatively, that show some negative fundamentals, but look to be crossing over from the down side. Also, I look for stocks that have recently had the MACD cross over the 9dma, or that look to be doing so. With the losses over the past week prior to the start of this contest, I think there will be some good buying opportunities to be had. However, I don't believe that all of the subprime fallout has been priced into the market yet, so you can count on me to stay away from banks and brokerages in the initial week of the competition. Good luck to all, and let the games begin! | ||
