- In a September video with James Altucher about 52-week highs vs. 52-week lows you talked about a theory that Len Cooperman said was his best formula for winning: Take stocks that are down 8%-10% off their 52-week high in a selloff and buy. This was a great theory, and I put it to true test during the height of the selloff by going long Goldman Sachs (GS), Baidu (BIDU), Yum! Brands (YUM), Apple (AAPL), Freeport-McMoRan (FCX), MasterCard (MA), First Solar (FSLR) and Google (GOOG).
Wasn't the summer's selloff a perfect setting to put this theory to test?
- Exactly how do you decide whether or not give a CEO the benefit of the doubt?