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
. 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.
And, I noted the markets it operates in, which include commercial, mobile, industrial and aerospace markets. The order was filled and our good-till-canceled (GTC) sell price was hit later in the day.
The pick wasn't even in play for a full day and we grabbed a $1,000 win on an investment of $17,900. That is one of the higher-priced options I have picked, but a $1,000 win in one day is hard to argue with.
Since June 23, the day we launched the newsletter with
, I have grabbed a number of victories. In fact, four of the picks I have made since that date just a few weeks ago have already turned into victories totaling $5,000. One of them was a double, meaning the victory was for $2,000.
More specifically, I picked the December $25 calls for
Archer Daniels Midland
on June 23. It required an investment of just $8,500. Four days later, readers who followed this pick had an extra $1,000 in their pockets.
On July 7, I told readers to pick up
. The trade called for picking up the January 50 calls. Readers would have had to invest $12,300. Four days later, readers should have had another grand profit.
We've also scored with
, my June 30 pick and, of course, Parker Hannifin. So a reader who paid for my newsletter and started receiving the picks on June 23, already has covered the price of the subscription and could have paid for four friends to have access as well -- and still be ahead.
Since June 23, we've had a total of eight picks cross the finish line for $19,700 in wins, which is all the more impressive when you consider the market environment we're in right now. Many of those victory dollars came from picks that appeared in columns prior to the relaunch of my newsletter with
. Remember, not all picks turn around in just a few days.
We still have a bunch of picks in play, and I will dive into specifics on them during tomorrow's weekly recap. That is a column only available to Nails on the Numbers subscribers.
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."