How to make large profits on large caps
New tips on large-cap entry points from a great source.
Written by Douglas Estadt
My friend Ash Rust, who just returned from a month of doing good deeds in Cambodia and Thailand, is one of the most intelligent people I have ever met, and an honest open trader.
Ash joins us to discuss his latest list of large-cap entry points. He also explains how he arrives at these very precise stock price inflection points. (Ash's video appear below.)
Earlier this week I opened positions in Google (GOOG), Microsoft (MSFT), Apple (AAPL) and Amazon (AMZN). After seeing Ash's latest list showing lower inflection points for each of these, I closed my positions and will wait for them to reach the levels Ash forecasts before I buy into these stocks again.
I watch Ash post his trades, winners and losers, and trust him so much I sold for losses yesterday when I saw his latest post of prices on Twitter. You should follow him and learn as I do from this brilliant young man here: http://twitter.com/ashrust
After Google launched its Nexus One smartphone this week and its stock fell, I began buying at $610 and added more at $604. When I saw Ash's post targeting Google at the $595 area, I closed for a loss rather than watch it move further against me, which it did just as Ash predicted.
He is so brilliant; he arrives at his figures using his own ideas and strategy of following the money in options positions and trades accordingly then posts them for all to see.
Ash has done so well trading on such a consistent basis and has produced so many winning trades in front of my eyes when I watch his Twitter posts in real time. Even when I have a big position in a stock with a story I like (which is my preferred method of trading), the way I did in Amazon, Apple and Microsoft this week, I get out of my holding and wait to enter or add more when it reaches his target because he is right far more often than not.
I don't believe there is any one single way of successful trading. I made 469% verified returns last year by being smart enough to only receive information from transparent sources who show me what they do with their own hard-earned money. I then follow the moves of those I trust and respect after they build a successful track record.
I have done in this value stocks, large caps, ETFs, long/short, technical analysis and in options with Ash. I hope you take a page out of my book and learn from the wonderful people I bring to you here.
You can see what I do with my own money and even have my model autotraded for you on Covestor investment management: http://cv.im/models/profile/douglas-estadt
Visit us at Wall Street Media. We feature exclusive insights from leading investors.
Another cheap and tasty China stock
A safe, smart bet on China
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The solid report comes a month after the retailer closed all of its Canadian operations.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.