Negative European car rental outlooks yesterday from Avis ($CAR stock) sent rival Hertz Global ($HTZ stock) stock tumbling -15% in 2 days. After an unsuccessful bottom pick yesterday, we decided to give it another try today as we felt Hertz is a value buy based off comparing their eps growth rate and forward p/e ratio. Their eps growth rate is around double their forward p/e ratio making it a fundamental buy. When the tape told us...
Read MoreYear 2016 is turning to be another dismal year for institutional fund managers on top of a lousy 2015. Some prominent hedge funds are down over -10% already for the year. How has your own trading been? Are you falling prey to the markets like the other sheep portfolio managers? For those who need some guidance and have joined stock chatrooms, an important question to ask yourself now is how has your Mentor/Leader/Teacher (MLT) been...
Read MoreLooking back at my early days on Wall Street, I can confidently say that one of the most crucial environmental factors that helped me get to where I am today is COMPETITION. With my type of personality, I don't like to be the loser. I want to win. I want to always come in first. At my trading firm Worldco, the company had an intranet system that displayed the TOP 10 P&L's (Profit & Loss) and the BOTTOM 10 P&L's of the day. Everyone at...
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