Blogs for tradeking

Visit TradeKing Blog

Buying stocks at 52-week highs

Posted on June 25, 2008

By carefully selecting stocks that have recently hit their 52-week highs and calibrating his fund's cash position with market expectations, fund manager Dan Shaffer, CEO of Shaffer Asset Management, claims that he can out-perform the market. Since the launch of his stock investment strategy, Shaffer has returned 7.43%, compared to 1.11% for the S&P 500. The key, as Shaffer explains in a brief interview with Business Week, is spotting the types of stocks with the momentum to push even higher: The trend is our friend. The markets tell us where we want to go. We buy stocks at new highs to sell ...

Original article link


highs , markets , momentum , sp , trading