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Mark Gomes
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With over 20 years of professional experience, Mark Gomes is among the world's most experienced technology stock analysts. During his time as a contributor to Seeking Alpha, over 50% of his official picks were either acquired or tripled in value. Currently, Mr. Gomes is the CEO of Pipeline Data,... More
My company:
PTT Research & Pipeline Data, LLC
My blog:
Poised To Triple
My book:
Faster Than Forty
  • Barron's Talks About Pixelworks... And Monkeys 2 comments
    Jun 21, 2014 1:42 PM | about stocks: PXLW

    After the market closed on Friday, I noticed that PXLW was featured in Barron's.

    Barron's also featured a piece about monkeys picking stocks better than "professional" managers.

    It sounds outlandish, but there are several reasons why:

    1. Most fund managers are trying to manage too much money with too few resources. This leads to mediocre stock-picking discipline.

    2. They lean on Wall Street research too much. Benjamin Graham explained why Wall Street research is no better than throwing darts. See our Methodology for Ben on video talking about this.

    3. The easiest way to not lose clients is to not take chances. So, most of America's money is managed in a way that is meant to simply match the stock market's returns. They take the safe money instead of doing what they were trained to do (mainly because Main Street investors scurry at the first sign of losses, even if the long-term track record shows big consistent gains).

    4. Add in the other duties the portfolio managers need to perform (regulatory, accounting, marketing, sales, etc) and it's easy to understand how monkeys could do just as well.

    Yet another reason why I started PTT Research.

    Take the power back into your own hands.

    Disclosure: The author is long PXLW.

    Stocks: PXLW
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  • Mark Gomes
    , contributor
    Comments (1951) | Send Message
     
    Author’s reply » Have a great weekend everyone!
    21 Jun, 01:42 PM Reply Like
  • gardesign
    , contributor
    Comments (131) | Send Message
     
    if one is inclined to write covered calls, you can buy PXLW at the current price, then sell Aug. 16 $7.50's for .95..... a 12.5% premium..
    30 Jun, 07:54 PM Reply Like
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