Snowcat's Hot Stock Update!

[snowcat]

Thanks for thinking of me.

But after looking at my trading performance last year, I speculated too much and bought back stocks after I made killings on them and blew away all my profits.

You would not believe how much GIGM, JSDA and BTJ I owned - and most of it I gave away for bupkis!

I did best when I was most patient.  Look at some of the drops GIGM and BTJ took over the past year - only a real confident investor would have held.

Now that I have a job whereby I cannot check the market 10 times a day, I have a feeling I will be more patient.

I am looking for more established companies with earnings and avoiding the ob's and the pink sheets.  This is such a corrupt market place.  For all we know, ICE could be the next ENRON!  They just about do the same thing.

FRPT - who knew there was so much competition out there in that market!  I suggested that they build trucks with explosives already built in them and sell them to the insurgents!

Aside from GIGM, I still own steel stocks, solar stocks, NTRZ and some crap that I'm down 50% on and it likely won't make me feel any better if I sell it.

I have stopped reading stock newsletters and checking out the boards because those are the stocks I have been getting killed with.  Penny stocks are there for a reason and every one I buy has been on bad faith.  Look at BRVO - read the 100's of posts on that one - it seemed like a slam dunk!  Live & learn

I have enough capital losses, that at $3000 a year, it can carry me into the next lifetime.

I still like NTRZ, also VOLC and probably a few others.  I will try to be more active here - but basically, my portfolio has not really changed much.

This year I will try to trade smarter and make you smarter too.