Description:
Don't we all wish we could identify that next big, breakout stock and jump in before everyone else? Investment professional Tobin Smith believes he's developed a solid means to that end, and he lays it out with contagious confidence in ChangeWave Investing. His intriguing approach begins with a detailed system for identifying the most promising of future highfliers--employing protocols that, Smith writes, "delivered more than 150 percent annualized gains since 1995 and more than 430 percent gain per stock pick in 1999 alone." Smith then turbocharges this approach with what he calls "open-source investing," using the same free-flowing method of information exchange that's proven so successful in the Linux software community. Much in the way ever-tweaking programmers have continually improved Linux, Smith contends, investors can enhance his own aggressive growth-stock model. Will it work? Investors who support Smith's contention and play along, combining his advice with their own collective expertise, should be able to upgrade the financial "source code" of New Economy, making it available to all participants. Some of the jargon-laden process may befuddle casual investors, but serious stock watchers searching for an ambitious and original strategy with high upside (and commensurate risk, to be sure) may just want to strap on a virtual seat belt and see for themselves. --Howard Rothman
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