Monkey Throw Dart: Serendipitous Symbol Search

Thursday, February 10, 2011

Serendipitous Symbol Search

I am following the script of buying when the market is going up, and padding my portfolio with multiple individual stocks that fit just to the left of risk and just to the right of reward. Digging up some past picks, I remembered a surprising one (Ann Taylor, ANN) from 2009 that has oscillated it's way to profitability. Forgetting the stock symbol, I typed 'A' and 'T', and surprisingly Atlantic Power Corp. came up.

While Ann Taylor looks like she still has the legs for more upside, the attractiveness of the Atlantic Power Corp dividend yield and chart pattern won me over. I guess I'll have to change the blog name to MonkeyTypeBad, or MonkeyForgetSymbol, or MonkeyChasePrice.

Speaking of dividend yield, Chimera Investm.(CIM) is still a favorite.