Weekly Winner #5 Scott Cole Talks Strategy
Hey folks. We have Scott Cole's interview from our Monday Web cast of "How To Win." Scott was our weekly winner #5. The point he made that we found most interesting, was that he picked one of his winning stocks, Global Imaging ,because it was "under the radar."
Scott says that if you pick a stock like FMT that a lot of other people also have, even if it goes up--you'll still be getting a lot of competition from everyone else who has the stock in his or her portfolio. Words from the wise, for sure.
The gains in Scott Cole's portfolio were from:
Global Imaging Systems which he bought on Thursday, 3/29 at $19.57, and it fell on Friday, 3/30 to $19.50, but with the Xerox acquisition news, on Monday GISX closed at $28.54 and he sold making $368K or 46% on that trade from Friday's 4p close on 3/30 to Monday's 4p close.
Next he purchased Opnext on 4/2 at $12.96 and sold on 4/3 at $13.15 for a $17K gain or 1.47%.
His next powerhouse trade was with Robbins & Myers which he bought on 4/3 at $38.23 and sold on 4/4 at $44.3 making $189K or 15.9%. Therefore his biggest gain came from his Global Imaging trade, followed by Robbins & Myers.
Additionally, he started the week at sub-million at $792,941.59 which accounted for his 78.7% gain ending the week on Friday, 4/6 with a portfolio value of $1,416,977.24.