| While I'm thinking about it, I wanted to list some online stock screeners listed in the April 05 issue of Kiplinger's for my later reference. Although I normally participate in the random seat-of-the-pants school of investing sometimes I like to be able to screen for stocks based on yield, P/E or whatever. The seat of the pants method is not one I particularly recommend. Overall I'm ahead (I think) but I've had some notable failures. I invested in WCOM when the stock was "cheap". I also had some KM before they went bankrupt. And a few others (but NOT Enron, fortunately). Luckily I invested in ORCL & CSCO in the 1990s and cashed some of it out in 2000 to put a downpayment on a house. So overall I have had a positive return. Of course in hindsight, I should have liquidated even more. My net worth was halved in 2000. In any case a word to the wise may be in order... if I ever mention that I bought a stock, it might be a good bet to short it! |