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Monster Stocks: How They Set Up, Run Up, Top and Make You Money Hardcover – November 5, 2007
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About the Author
John Boik is a controller and former stockbroker. He is the author of Lessons from the Greatest Stock Traders of All Time, which was chosen by Barron’s as one of the Best Books of 2004, and How Legendary Traders Made Millions.
Top Customer Reviews
You will get to see how these stocks perform in technical price strength, the author gives bar charts during the major part of the move showing the price compared to the 21, 50, and 200 day moving average along with the relative strength line and volume. You will see how to enter at price break outs to new highs and add on at retreats in price to the 21 or 50 day moving average. But most importantly when to sell at exhaustion gaps in price or when the stock's price falls through the 50 day moving average. It is crucial to sell and lock in profits before the run up ends.
Here are the keys to trading success found in this book:
1. Outstanding sales or revenue growth.
2. Strong and accelerating earnings growth.
3. High rates of return on equity (ROE).
1. Only buy in an overall uptrending market.
2. Only buy stocks in sound price bases with strong fundamentals.
3.Buy stocks at their 52 week highs or better yet all time highs at break outs in price.
4. Only stay in stocks that act right with rising prices on rising volume and pull backs on lighter volume.
5.Read more ›
What I liked about the book is that it profiles about 30 such stocks as brief case studies, which include the chart basing setups that may have been evident, key points and characteristics of corrections during the stock's growth, and indications that presaged of the end of their run-ups. These are accompanied with annotated charts of relevant market indices and of the stocks profiled. The attendant commentary on these particular growth stocks and the events in the markets allowed me to learn by comparing the rules to how I would have reacted in the same situation. Most of the examples occur during the period 1996 through 2006.
Much of the methodology aligns with and makes mention of the Investor's Business Daily rules as described in their educational material and in Bill O'Neil's books. This book builds on IBD's teachings in that it uses the methods to focus on the special case of stocks that at least double in price including the psychological challenges, buying and pyramiding tactics, and the significance of moving-average support.
Boik describes methods that are relatively simple, but adds that the attention to detail and discipline required is not easy. I know from experience that many of us will find it difficult to make a large commitment to a high-growth stock, at least in its early stages, because the characteristics go against much of the conventional wisdom.Read more ›
If you really want to find out how a monster stock got setup, started and finished, I strongly recommend you read Brad Koteshwar's book - The Perfect Stock: How a 7000% move was set-up, started and finished in an astonishing 52 weeks.
I agree with some of the other reviews you would be much better served by purchasing the books on trading written by William O'Neil
Most Recent Customer Reviews
The book arrived exactly as advertised. Very pleased with item and seller!Published 17 months ago by VTratings
A rearranged William O'Neil book, read originals, not a synopsis.Published 22 months ago by Thomas Bradley
Couple of years ago when I started CAN SLIM I bought all related books thinking to discover Holly Grail and make quick money. Read more
O'Neil's CAN SLIM followers will enjoy this book. If the reader doesn't follow that methodology, maybe the author will convince them to check it out. Read morePublished on April 6, 2012 by Nancy S. Mckay
This book is just an overview of some of the monster stocks from the past years (and the tech bubble). Read morePublished on April 9, 2011 by Straddle1985
This book is annoying with frequent plugs to some other books the author wrote. What I found is page after page of filler material from dot-com era names (mostly). Read morePublished on October 10, 2010 by ThinQ180
Monster Stocks takes the reader on a search - a search for the patterns that exist for those stocks with abnormal gains in short periods of time. Read morePublished on January 2, 2010 by L.A. Little
If you believe in the old addage "to be the best, learn from the best"
then this book will help you profit from the past success' of some of the biggest stock market winners... Read more
John Boik presents a well thought out method for acquiring wealth. The big money he claims is made in finding those few companies who can change the world. Read morePublished on September 5, 2008 by Steven N. Weisman