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Sunday, 2 August 2009
Swapping PetSmart (PETM) for TJX Companies (TJX) "Trading Transparency"

Hello Friends!  Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.

Before I write about the 'swap' I made with PetSmart (PETM) and TJX (TJX), I want to talk to you a little about "chasing performance".  There is a good article on attempting to improve results by chasing after the best and latest hot stock or fund that you might want to read.  In general, it is counterproductive to be switching investments or funds in pursuit of investments that have performed well in the past.  Simply doesn't work.

Perhaps as an amateur investor, I am guilty of the same amateur mistakes that others make.  So with that in mind, after my latest review of TJX, I have been growing impatient with my PetSmart (PETM) stock which appeared to be underperforming my other holdings. 

If we examine the last three months chart of the two stocks:

 

We can see how TJX has been outperforming PETM.  But that doesn't mean that the divergence in performance shall continue.  But it might! 

In any case, I grew impatient and pulled the plug swapping out my shares of PETM for TJX.  On July 31, 2009, I sold my 90 shares of PETM at $22.46/share, and purchased 60 shares of TJX at $36.50/share.  The PetSmart shares were purchased 5/21/09 at a cost basis of $20.41/share.  Thus I had a nice gain of $2.05 or 10% since purchase.  TJX closed Friday at $36.23 so I was a little 'under water' on this purchase already.

Thanks so much for visiting my blog!  If you have any comments or questions, please feel free to leave them right here or email me at bobsadviceforstocks@lycos.com.

Yours in investing,

 

Bob 


Posted by bobsadviceforstocks at 10:08 PM CDT | Post Comment | View Comments (2) | Permalink

Monday, 3 August 2009 - 9:50 AM CDT

Name: "Jay"
Home Page: http://www.edisonaccounting.com

I find your disclaimer about being an amateur and recommending others to consult with an advisre quite amusing. The so called "pros" are clueless. you probably know more than them.

Tuesday, 1 September 2009 - 11:34 PM CDT

Name: "Joe Duggins"
Home Page: http://www.intelligentinvestingtips.com

As a 25 year veteran of trading on both Wall Street and the CME there are very few areas of investing that are infested with more vice, scammers and downright cheating than the penny stock market.

I know, that is a very bold statement to make....but I will back up my statement with hard facts and experience, and not all Penny Stocks are scams...but the vast majority of Penny Stocks are simply fronts for companies that may/or may not exist.

Here is how the life of a Penny Stock transpires. As you may have noticed, most penny stocks are promoted through newsletters and advertising. There is a very good reason for this, as the penny stock companies usually promise the newsletter advertisers a block of stock in exchange for getting the stock price to rise. The newsletter usually touts the "potential" for the stock to rise based upon certain factors occurring and usually elaborates on the unbelievable potential the stock has should these "certain" factors occur.

I usually recommend that potential investors in penny stocks contact the stock itself and ask about capitalization and and revenues. Without exception, these stocks usually are severely undercapitalized and have to revenue to speak of. More often than not, an investor questioning the company will be sent to an answering machine or the newsletter promoting the penny stock. The SEC has estimated that the majority of penny stocks fall into the "pump and dump" category. And with good reason.

A normal stock, traded on an exchange, usually has a firm designated as a market maker in that stock, along with a floor specialist who facilitates the trading of that stock. This system allows transparency in the trading of any stock and allows an investor to see the exact and verifiable volume and price movement of the security.

This transparent system is absent in the Penny Stock market, and the penny stock issues are usually without a true market maker. All to often, the market maker in a penny stock scheme is the very company itself. The fox is in the hen house, so to speak. What this means is that the Penny Stock company is setting both the bid and ask prices on its own stock. Further, most Penny stocks are traded on the 'Pink Sheets" which puts it into the category of trading in the wild west.

Many experts have estimated that 9 out 10 Penny Stocks fail within the first year of their offering. I have heard numbers as low as 7 out of 10 bandied about, but the point is simple. When you are trading Penny Stocks you are playing in a non-transparent, non-exchanged oriented market, and this is the recipe for disaster. It is usually just a matter of time.

For the record, I am not saying that all penny stocks are bad or dangerous, just the majority of them, and odds do not favor long term success. Heed my warning and prosper, there are simply too many exchange traded stocks that will earn you ample money than risking sums of your hard earned money in the Penny Stock Market.

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