Home Inns is Getting Expensive

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I mean the stocks, not the motel price. It’s being mentioned by IBD (Investors Business Daily) as No. 1 stock this Monday. IBD publishes 100 stocks every Monday based on its own rating system. Because a lot institutional investors trade stocks based on the IBD (whether there is merits or not is another story), the stock went up again today to $47.

A little background about IBD: IBD was founded by a savvy a stockbroker and writer named William J. O’neil. Here is an introduction about William on wikipedia. He also wrote some books such as “How to make money in stocks”. At one time I took very seriously on IBD’s rating system, but not now. I remember once a friend told me he found the “holy grail” of the stocks: IBD and William O’neal’s books. By the way, I told him at the time I liked to buy Google at about 160 (November 2004), he said “No”.

My point is: I like to read books, newspapers and magazines, listen to radio, or watch TV, but I won’t take all these blindly.      

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