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Fri, November 5, 2010
Zacks' Voice of the People highlights opportunities with Immunomedics, Coca-Cola Amatil, Wyndham Worldwide, Krispy Kreme and TP
CHICAGO--([ BUSINESS WIRE ])--Zacks highlights commentary from People and Picks Trader abadger729a.
For more Voice of the People, visit [ http://at.zacks.com/?id=5851 ]
Featured Post
Is Zacks Really Any Good?
November 5, 2010 - RELATED TICKERS: Immunomedics (Nasdaq: [ IMMU ]), Coca-Cola Amatil (OTC: [ CCLAY ]), Wyndham Worldwide (NYSE: [ WYN ]), Krispy Kreme (NYSE: [ KKD ]) and TPC Group (Nasdaq: [ TPCG ]).
I dabble in stock picking here and there, as part of an overall balanced and hedged investment portfolio, and I decided to track the zacks rank, buying into a stock when its listed as a #1, and selling as soon as it is off the #1 rank. I subtracted out my trading costs, which are 4$ a trade, and looked at the pretax return of my portfolio on a daily basis. This is a very small subset of the data, but these are the results, using a $2000 investment for each position. These are some of the positions I closed from 10/28-11/4.
Immunomedics (Nasdaq: [ IMMU ]) .62%/day
Coca-Cola Amatil (OTC: [ CCLAY ]) .19%/day
Wyndham Worldwide (NYSE: [ WYN ]) -.11%/day
Krispy Kreme (NYSE: [ KKD ]) .47%/day
TPC Group (Nasdaq: [ TPCG ]) .098%/day
Keep in mind this was just moving in and out of positions as Zacks made the recommendations, and bigger gains may have been captured had I used some of my own intuition, but when all the math is said and done the portfolio return is 1.795%/day. Over 260 trading days this would work out to a simple return of 466.7% over a year. I guess these guys know what they are doing.
Keep in mind, also this is not the only tactic needed for a good investment portfolio, and that these gains were all during a great bull market over the past couple months, and I was not going short any positions.
I just thought some people might find this interesting, happy trading :)
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