Hello fellow traders: subscribers and visitors! This article is looking back at one of the articles I wrote back in November 2020: Top 15 best stocks for long-term holding: stocks that could double in the next 2-3 years. Here is the link to that post:
The reason I look back at such articles is to check if I picked the stocks well, validate that my strategy is working. So, we will look at the list of 15 stocks I put together in November and check if they are moving in the right direction and if they did double.
Below is the list of stocks I put together in November with my targets:
Since November, I sold VERU, APT, FRTA, TRUL, FLGT.
Let's look closer into each of the above to see if they made any progress toward the goal. As you can see below, the strategy is quite successful. Just 5 months after I put together the list in November:
3 of the stocks already reached their target.
1 stock was acquired
1 stock (VERU) grew as much as 4 times (the high point was $24 at which point the stock grew almost 700%)
FLGT achieved a price of $183 in February which represented a 325% gain.
The average gain across 15 stocks is 64%. If you would catch the highest points for some of the stocks noted below the average gain across the stocks would be 110%.
However, 2 stocks are currently trading lower: GOCO and APT. BDSI stock did not move much.
Those following my alerts know that I sold APT on Feb 10th at $20.
I am still holding GOCO and BDSI. I am still bullish on BDSI and I believe it will get there in a year or 2. GOCO price movements are puzzling to me at the moment. I will continue to monitor price action, analysts' predictions and will wait till the next quarterly report.
As you might know, EBIX was increasing well and reached $63 a few weeks ago until one Friday its auditor fired EBIX for not receiving some documents for a part of EBIX's business in India. The stock lost 50% that night. However, since then, EBIX management announced it hired a new auditor and is working on clearing all financial statements. I am back with EBIX, but with caution.
Below is the price chart for EBIX.
My current favorite from the above list is ENVA. The stock price has been going up every day for the past 8 days.
To check out the charts for the rest of the stocks above, please see the November article (link above).
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Disclaimer: I own all of the above stocks. I do not suggest you should buy these stocks. As usual, please do your own due diligence before investing your own money in any of the above stocks. The above analysis is quite basic and just gives ideas for further research. A much deeper analysis is required for each stock, including the analysis of operations, debt, etc. I may sell any of the above stocks at any moment before it reaches the targets that I set or keep them for even when they reach the target.