How to pick stocks if you're in Seattle
Randomly.
According to The Seattle Times 2004 Northwest Stock Contest, which started 2004-01-01 and ends 2004-12-31 with NO changes allowed after the contest started, a random sample of (all Northwest-related) stocks has returned 10.27% as of today. The reader's top 10 picks? 2.27%.
Uh, mine? Well, uh, yeah, uhm - .95%. Yes. POINT nine-five percent. But hey, if I can't get out of one of my 10 picks that's down 34% (PLNR), what can I do? (Whoa - look at that drop-off right after the new year!)