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Well the long awaited January effect strategy was finally presented at
our Minneapolis MS meeting. Actually Stanley's wife isn't well, so
another person brought the info to our group.
Stanley's criteria are very simple.
The stock has had a correction of 30% or more in the past year.
The PE is 15 or less.
Value Line gives it a #1 rating.
Has had earnings growth over the last year or two of at least 20%.
That's it. Stanley also noted that you can buy on two dates. November
1st or 15th. If you buy on the 1st you gain another 10%.
By the way Stanley is a value investor & does very well in the market.
He is 80 something and has been doing this for years quite successfully.
Last year he came up with 11 picks. This year he came up with only 2.
In January of 97, Stanley presented to the group his results. He had
20%+ gain for his picks. All were up, except 1 was down a small amount.
Drum roll please.
Western Digital (WDC) and Applied Material (APM).
Harley Meyer
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