Mark Kuzmack leapt out of the gate in the "Beat the Street" game, soaring to an 83% return that gave him the lead on Day 2 of our contest. At the close of trading Thursday, Mark stood in 13th place at $176,649. In our first player profile, he shares his thoughts on the game and his approach. If you'd like to participate in a player profile, click here to send an email, and if you haven't joined the game yet, sign up now.
What's your style of investing? Are you daytrading, or making longer-term picks?
: I usually make longer-term picks. But I'll also do short-term trades. For shorter-term stuff I tend to look at groups, or play movements in one stock or commodity against another. Also I prefer stocks of situations going under fundamental re-evaluation by the market.
Do you primarily trade on the long or short side? How do you research your picks? Do you primarily use fundamental or technical analysis?
Mostly long, but I use both fundamental and technical analysis. Longer term always has a fundamental basis. Short-term usually too, but then the stock itself tends to be paramount.
If you win, what will you do with the $100,000?
Maybe I'd set up a separate trading account for my most aggressive trades and fund it with the winnings. Bit of a funny money account. I might treat myself to a pastrami sandwich at Katz's too. But it's a pretty long way off.
Have you given any thought to what you'll look to learn from Jim if you go on air together?
Well ... let's say I might learn something if he actually goes over the trades and comments on them, or gets into the meat of the companies or industries themselves. I also think he's got a good feel for how a stock behaves when it's running, and that might come up.
What's the best investing advice you've ever received? The worst?
Reminiscences of a Stock Operator
is the best book on the subject I've read, as well as a great window into a rougher, more open period in America. Essentially, though, most of the lessons are about conviction and cutting losses short and letting winners run, as well as the injunction: "Play a lone hand." That implies, of course, that there shouldn't be any question of "advice." On worst: Not sure, but the "random walk" people are the enemy.