Zacks.com introduces its $100K Challenge 2007 top player interviews, which feature insights from the leaders of the Zacks Simulator game. This year the Simulator’s $100K Challenge allows investors to prove their stock picking abilities by competing directly against other players for a possible $100,000 contract with Zacks.
Miles Price (aka: Finwhiz) is no stranger to the market. He has been investing for 25 years and has been fortunate enough to be mentored by some of the best in the business, including Norman Mesirow of Mesirow Financial and Marshall Barnes of Howe Barnes Investments. “I was classically trained on LaSalle Street in Chicago while working for Mesirow Financial and Howe Barnes Investments,” mentioned Miles. “I was very humbled and privileged to be able to study investments at these two firms.”
His investment style is a disciplined one that combines both fundamentals and technicals. Some of Miles’ current Simulator holdings include ICOP Digital Inc. (Nasdaq: ICOP), Net Servios de Comunicao (Nasdaq: NETC), Smith Micro Software Inc. (Nasdaq: SMSI), Sun Hydraulics Corp. (Nasdaq: SNHY) and Amkor Technology Inc. (Nasdaq: AMKR). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=2518
Highlights from the July 18 interview include:
What does he look for in a company?
This market watcher said he likes to pick leaders in their respective industries. There should be demand or increasing demand for the company’s good and/or services sold. Miles also looks for institutional ownership, a strong ROE (20% or higher), international sales of 30% or higher and a superior management team.
Some of Miles’ current Simulator holdings include ICOP Digital Inc. (Nasdaq: ICOP), Net Servios de Comunicao (Nasdaq: NETC), Smith Micro Software Inc. (Nasdaq: SMSI), Sun Hydraulics Corp. (Nasdaq: SNHY) and Amkor Technology Inc. (Nasdaq: AMKR). Click here to check out this competitor’s complete portfolio: http://at.zacks.com/?id=3314.
When does he sell?
“If the equity position falls or declines 15% to 25% percent in value, I want to look within the fundamentals and the company's reports to see if anything has changed dramatically to reaffirm the change over time. If the rotation of the financial markets have changed and the economic sector that the company represents has fallen out of favor within the business sector and the investment community, it is time to sell,” replied Miles.
Advice for others?
The successful stock picker said, “be humble and be very disciplined. Stay the course over extended periods of time. Always try to invest into best of breed stocks. Believe in yourself. Utilize independent investment research such as Zacks. Stay away from the Wall Street herd mentality.”
Check out the complete interview and learn more about the Simulator at: http://at.zacks.com/?id=2518
The $100K Challenge is On! Do You Have What it Takes?
Sign up now for the Zacks $100K Challenge. It's free. It's fun. It's the place to show your investing prowess. The best stock picker will be rewarded with a $100,000 contract with Zacks. Learn more at http://at.zacks.com/?id=2520.
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