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Hot Stocks Digest - Bonus
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THE RIGHT STOCK AT THE RIGHT TIME by Larry Williams
Larry Williams is a prolific author, trader, educator, and money manager. With over a quarter century of experience, Williams has provided investors with practical and easy-to-implement market timing and stock selection strategies in this book.
In this book, Williams details precisely HOW to pick stocks - which ones to pick, and WHEN to pick them. If you had used this approach in the past few years, you would have essentially missed the entire NASDAQ debacle from 1999 on. In fact, since 1999 you would have actually made money. And in the good times, this approach really shines.
Larry Williams is concise, clear and easy to follow. He shows you how to pick the most solid stocks that are making money, have good prospects and generally pay you a dividend that makes current bank rates pale in comparison. The book is a wealth of information that no serious stock investor should be without.
This book is an easy and thoroughly enjoyable read. It is not a book just for traders, investors will also find it useful. His enthusiasm for what he does is contagious and if you are like me, you will find yourself underlining and applying post-it notes liberally to make finding these gems again later on a lot easier.
Another strategy Williams covers in buying in October and selling in April. This strategy was offered by Stock Trader's Almanac in 1986 developed by Yale Hirsch, and it still works today. This strategy has produced significant returns while reducing risk as investors are out of the market for half the year.
Williams provides a look at indicators to determine that a market bottom is in place. He covers such items as the Fed's Stock Evaluation Model, margin credit, odd-lot short sales, Investors Intelligence Bull/Bear Index, US Bonds, and gold prices.
Williams covers in detail the fallacy of long-term investing and the devastation that it can wreak on investors portfolios. Investors who are die-hard "buy-and-holders" should read this chapter to learn that to use that strategy is dangerous.
To do well in the market, Williams urges investors to find stocks that have the capability to outperform the market, and then find the best time to buy them. He totally disagrees with the Wall Street cognoscenti that market-timing is useless.
He spends a chapter on buying stocks at a discount, and one on measuring investor sentiment on individual stocks. He lists seven traditional measures of value (e.g., P/E ratio, Price/Book) and elucidates on which ones work best.
All-in-all this well-written, easy to understand book provides investors with a systematic, time-tested approach to investing. Williams has again provided investors with another classic.
Note: This book will be mailed to the address you have given at the time of registering. Can be shipped only to a US address. Please allow 6-8 weeks for delivery.
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