My contrarian thinking.
by Gilbert Keith
If you asked me, this is how I would put in ~$10000 into the stock market today. Assuming $7 per transaction.
I want to check out, for giggles, what it’s like being contrarian. My screening algorithm was:
* > 300 M in Mkt cap
* Trading in the low values of its 52-wk range. Mostly: <10% above it’s 52 wk low.
* Trading below its 20-day MA.
This gave me a list of about 240 companies, from which I chose 8. I basically chose them based on whether or not I thought they are cool. It’s stupid, I know. But humor me.
For reference. The S&P 500 was at 1849.04 at today’s close.