Tom A's Stock Picks

Working on my Watchlist

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I spent some time this week working on my watchlist. During the period of high volatility over the past several weeks, I felt that I missed some buying opportunities because things were moving too fast for me to keep track.

I'm trying a new approach, using an Excel speadsheet that has information as to what I think a stock's range and buy point are. Based on the current price, it computes how close the stock is to my preferred buy point. I linked it to the workbooks I prepare when evaluating stocks. I'm a little over halfway through it, and when it's done I will be able to keep track of 80-100 stocks

The plan is, once a week, I will look up and type in the closing prices of the stocks I follow, then on anything that is near a buypoint I can update my analysis and make a decision whether to buy some stock.