Dykstra: Parker-Hannifin Performs

Today I want to focus on something that is near and dear to my heart: winning.

There is nothing else like it. When I laced up my cleats and stepped onto the field, I focused on getting the job done because there is nothing else like winning. Now that my playing days are behind me, I have my attention focused in another arena -- the market. From bell to bell, it's game on.

But let me be clear, when I say "game on" it's just an expression, because when you are talking about money, it's never a game. I take money very seriously.

I don't believe in moral victories, especially when it comes to investing. Either you win or you lose. You make money or you don't. Yes, sometimes it is necessary to minimize losses, and that can be a smart way to go at times. But I'm not one to feel good about coming close.

I thought that there would be no better way to illustrate the sheer power of my deep-in-the-money call system than to let you look at the results that readers of my newsletter have been experiencing. It's no secret that the market has been brutal lately. Yes, there have been some bright spots. Yesterday's rally was one of them. We've had other up days. But we've also had days where the declines have been painful.

In yesterday's column, I focused on Parker Hannifin(PH Quote - Cramer on PH - Stock Picks). I noted that I thought this stock would grab us a victory. I pointed to its price -- it was down more than 21% in the last year. It has been absolutely beaten down -- especially in the last few months. I liked several items on its balance sheet -- it has a forward P/E ratio of 10.96 and a PEG ratio of a mere 0.62.

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