Peter Lynch Was Right

The white-haired giant has proved himself right (again and again) in my trading strategies. Dynegy (DYN), a stock I bought for long term holding has exceeded all my expecations. It feels extremely good to sit back and let my extremely small investment of around $1,500 gain 5%, 10%, 15%, 20% and as of now 25%. I am riding on $400 profit as I type.

I figured I would take a big loss at first and let it even out in the long run, but this stock has been charging ahead based on financials and not emotion, a situation I love.

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    Blog posted on: November 27, 2004

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