Zacks $100K Challenge 2007 Top Player Interview features Fibernet Telecom, Omrix Biopharmaceuticals, Juniper Networks and Internet Gold.
Michael Cavanaugh (aka: mcav24) is off to a strong start in the Zacks $100K Challenge with a return in excess of 15%. He is currently generating a strong gain with Fibernet Telecom (Nasdaq: FTGX). FTGX, a networking equipment company, has made a strong upward breakout recently. Mcav24 also holds profitable positions in Omrix Biopharmaceuticals (Nasdaq: OMRI), Juniper Networks (Nasdaq: JNPR) and Internet Gold (Nasdaq: IGLD). Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=2518
Highlights from the January 17 interview include:
What is his approach?
Michael looks to take advantage of a rise in stock price. "My investment style is technically based with a focus on momentum", explains mcav24. "I look at 3-, 6- and 12-month charts utilizing momentum indicators."
He has used personal experience to improve his trading strategy. Michael says that "time and constant adaptation" have played a big role in changing the way he approaches investing. He admits that his current success is basically the result of "finding a whole bunch of different ways to lose money, before I found a groove".
The Simulator player's holdings include Fibernet Telecom (Nasdaq: FTGX), Omrix Biopharmaceuticals (Nasdaq: OMRI), Juniper Networks (Nasdaq: JNPR) and Internet Gold (Nasdaq: IGLD). Click here to check out this competitor's entire portfolio: http://at.zacks.com/?id=3314.
What does his crystal ball say?
Michael is in the bullish camp. "I believe the Dow is set up for another stellar year. I would look for a minor correction before Q1 is over, and then 13,500 by the end of the year."
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?
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|Date:||Jan 22, 2007|
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