I always play a little game with my wife whenever we go to the golf course. The game is to identify how good a golfer will be ... without seeing him or her hit a shot. And over time, I've become pretty good. Just by observing how they're dressed, the way they carry their bag, the kind of shoes and glove they're wearing and even how they address the ball, I get a pretty good feel for their talent. Yes, those are all little "tells" based on years of hanging out on the driving range. Yeah, sometimes I'm wrong (usually with college kids who have mimicking the pros down to a science!), but mostly, I'm dead on.
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Now, what's all this have to do with trading? Well, I take great pride in the fact that I can look at a chart in about 30 seconds, size up the situation and do as well, if not better, than those slow-footed fundamentalists who go through the charade of "researching" a company!
Ha! Research. Hey, that's for the birds, brother! And GBS ain't no bird.
So, with that in mind, I've been asked by the Lord of the
Red Hots, the Sultan of the
B2Bs, the Master of Momentum, The Rev.
to weigh in
-like on what
would pick in the upcoming B2B supplemental draft. So, herewith, my top five picks. Now, remember, Jim and
are both seeing this at the same time. And after they make their picks, let's compare theirs to mine. I bet my five hang in there like champs. And considering I'm probably at the golf course working on my power fade while they're slaving away researching the "fundamentals," I think the reward-to-effort factor is definitely in my favor!
Now remember, one final word: Matt and Jim might draft these picks tomorrow, betting on the come. However, none of these stocks is a lock -- especially if they don't break out and up. Best bet is to go long either on a buy stop or after a breakout. That way, they have to prove their strength before you commit money. Kind of like drafting
only after he'd had a few All-Pro seasons under his belt!
Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. At time of publication, he held no positions in any securities mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith writes five technical analysis columns for TheStreet.com each week, including Technician's Take, Charted Territory and TSC Technical Forum. While he cannot provide investment advice or recommendations, he welcomes your feedback at