Monster Stocks (Pb)

If you don't know his work, John Boik taught us how to BUY correctly in his "Lessons of the Greatest..", and it sits beside my computer so I can refresh the BUYING RULES, especially in the last chapter. Boy, was that a lifesaver! Quickly, I was able to pick terrific gainers, and early on. Then I got this MONSTER book about 2 weeks ago, and LOL because I saw myself on a dozen different pages, with regard to SELLING mistakes! He doesn't just make your errors glare--he tells you exactly how to correct them by removing the doubt, hesitation, and second-guessing that cost us ALL (yes, you too). I have already used his SELLING rules from this book...it felt great to know when to hit the button, confidently! For years, we small traders have listened to countless talk show hosts, read articles, gathered tips from pros...and gotta say, I didn't find too much out there for the little guy, not much you could actually put in practice IMMEDIATELY at home. Then along came JOHN BOIK....What a great teacher. Thank you. Now another of your books will live by my computer!

If you enjoyed "Reminicenses of a Stock Operator," "Market Wizards" or "How to Make Money in Stocks" I think you will find this book particularly ueful if you are an equities trader. This is not a trading book. This book is intended for those who wish to take advantage of the big moves in the market by following the leading stocks, as legendary trader, Jesse Livermore, once did. It is essentially a model book trading patterns. I also recommend John Boik's other books, "How Legendary Traders Made Millions" Which discusses the history of the stock market decade by decade, and the stock market operators most salient in those decades, and "Lessons from the Greatest Stock Traders of All Time"

John Boik has written a very valuable book that can make you serious money trading stocks if you study it and use his system. I have personally made thousands of dollars trading several of the stocks in this book. You will learn how to identify the stocks that will double and triple in just a few months, some even gorw 1000% to 7000% in less than a year. Stocks like Google, Apple, Yahoo, Taser, and many others. Stocks that change the way we live by creating new products that are very popular and lead to explosive earnings in the company and price increase in the stock that the majority of money managers want to be a part of. 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: Monster fundamentals: 1. Outstanding sales or revenue growth. 2. Strong and accelerating earnings growth. 3. High rates of return on equity (ROE). Rules: 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. Sell when it is time, do not stay in when the price falls through the 50 day moving average support line. This book is a great tool to have in your stock trading library, it is outstanding for new traders and an excellent refresher course for seasoned traders. It is one of my new instant favorites.

I just completed the book and I loved it. Understand I am an avid can slim follower, and I have also taken all the 4 level of workshops offered by William O'Neil and IBD. I also, got to know Jim Roppel at the Master's Level workshop in May that we both attended. This book is very accurate on on the details it covers. It also stresses the extreme difficulty of doing this technique, although for the rare few that can accomplish this skill, it is truly rewarding. After you read this , and you haven't already, the next book you will want is O'Neils book How to Make Money in Stocks, 3rd edition. Only after reading that last book many times over and doing all the follow up, which will require 2-4 years of study, will you feel that you are an intermediate Monster Stock trader.

I had the privilege of reading the book today as soon as it was out today. Its a great book it tells how the biggest runner of any bull cycle shape up. Its similar to past winners like Hansen Natural, Yahoo etc. If we follow the same principles we will know the monster stock in the current Bull rally which started from 29th Aug has been Intutive surgical, Baidu and VM ware. It highlights couple of main points for monster stocks, Great earnings every quarter, New product to the market, a recent IPO, great return on equity. If we keep the fundamentals written in the book then in every bull cycle one can piggy back on one or two monster stocks and change the financial condition of oneself. I would recommend one to read all the books by JOhn Boik and all the books by William O Neil along with reminscence of a stock operator which is a autobiography of Jesse Livermore. I consider Livermore, Gerald O loeb, William O neil as the best trader ever and if we follow their principles by reading their books we could improve our returns many fold. Also the books by John Boik reflects on the above great traders and their strategy. Remember three things work in stock market, Discipline, Dedication and Desire the 3D's. Good luck to all the Quality growth stock traders.