Sometimes baseball games can be a real dogfight that continues late into the night and into extra innings. Those games were always fun for me. I loved the added intensity, but for some it made them nervous. You could tell which players were trying to do too much, or those who got eaten up by the pressure. But at the end of the night, when your team is celebrating around home, it is particularly special. Getting those extra-inning wins helps bring a team together.
When I was with the New York Mets in the 1986, we faced a tough pitcher in Mike Scott during the NLCS. Scott won the Cy Young Award that year and also had thrown a no-hitter to clinch the Western Division for the Houston Astros. Talk about adversity. He had already won two games and, with the series knotted at two, we didn't want to see Scott again in a possible Game 7. We would play all night if it meant avoiding Scott later in the series.
We went on to win games 5 and 6 in a combined 28 innings. That's basically three games fit into two. The pennant-clinching win in Game 6 alone was 16 innings long. It was a huge moment for our team.
The simple fact is that some wins take longer than others. But a win is still a win. With my options plays, I like getting quick wins, but sometimes getting the "W" takes patience and the strength to believe in the decision. (You can learn my system in my Nails on the Numbers newsletter.
The past six months have shown us the market's fickleness. There have been highs over 13,000 and lows under 8,000. It has been a confusing and tough time for many, but my picks have still been successful over that time frame.
My average win takes just about three weeks, but some picks have stayed in play a pretty long time. My
pick was open for an eye-popping 164 days, but it eventually netted me $4,600. A nice payday like that was worth the wait.
Another example is
, which hung around for 95 days before it crossed the finish line for $2,100.
was also on the board for a while. It lasted 85 days before I was able to ring the register to the tune of $7,100.
What I am saying is that all wins are not created equal. Sometimes you take a pick to the bank in just a few hours. Others really test your allegiance to the system as well as your patience. As you can see, I am 78-0 with more than $200,000 in wins on the year and my picks that went to extras so far have been worth the wait.
Here are some of the others that took a while to bring home the bacon.
- Dow Chemical (DOW) - Get Report was in play 83 days before I was able to cash in for a $6,700 profit.
- General Electric (GE) - Get Report hung around for 81 days before I won $4,800.
- Forest Labs (FRX) stayed open 78 days, but brought home a $3,200 win.
- After 72 days, Wachovia (WB) - Get Report won me a huge payout of $13,200.
- Eli Lilly (LLY) - Get Report brought home the prize after 65 days for $4,200.
- Citigroup (C) - Get Report stayed in play 64 days and won to the tune of $7,250.
- Morgan Stanley (MS) - Get Report also lasted 64 days and drove in a $13,800 win.
Always remember: Life is a journey, enjoy the ride!
At the time of publication, Dykstra had no positions in stocks mentioned.
Nicknamed 'Nails' for his tough style of play, Lenny is a former Major League Baseball player for the 1986 World Champions, New York Mets and the 1993 National League Champions, Philadelphia Phillies. A three time All-Star as a ballplayer, Lenny now serves as president for several privately held businesses in Southern California. He is the founder of The Players Club; it has been his desire to give back to the sport that gave him early successes in life by teaching athletes how to invest and protect their incomes. He currently manages his own portfolio and writes an investment strategy column for TheStreet.com, and is featured regularly on CNBC and other cable news shows. Lenny was selected as OverTime Magazine's 2006-2007 "Entrepreneur of the Year."