TIMalerts isn’t the only newsletter that focuses on low priced stocks…I’ve been following Greenbackers.com on and off for several years…check out this interview I did with their founder, Mark Chacon:
Greenbackers has been around for 9 years, but became somewhat dormant from
2004 to 2007 due in part to owning/managing a retail outlet and land. During that period we still managed the newsletter, but it became secondary. Late 2007, it became apparent in my heart in needed to get full blown again with my website, and my passion for the stock mkt.
1. What’s your background?
after getting a bs degree in finance from University of Southern Colorado, i went on to develop banking software…….actually participated in one of the first development teams to create/implement the first ATM / minibank ……spent the next 15yrs developing acctg software for banks/related……Made the switch in 1999 after running up to 100,000 during the internet bubble, and founded Greenbackers.com.
2. What’s your trading style?
Tend to favor 2-5 day swing trades with quality stocks under 5 on the long side. Tracking solid trending patterns. Especially like tracking recent debacle stocks for pivoting. Track first day movers on very strong earnings for developing into ongoing strength…….Relay about half and half with fundamental/technical analysis…becoming more and more up to speed with technical charting in 2008.
Also like buy/holding for a month or so on anticipation plays……..pay particular attention to stocks who get upgrades ahead of earnings.
Recently, I read your ‘An American Hedge Fund‘ and was inspired to make my first short trades. Finally after all these years.. Even though the concept is rather simple, it takes some getting use to.
3. What’s you best trade? … [visit site to read more]
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