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It's hard to imagine that a decade has passed since we were first asked, "Do You Yahoo?".

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A few weeks ago we featured Yahoo YHOO as having the appearance of being particularly bullish and poised for an upside breakout of significant proportions that could include a challenge of its all time highs at some future point down the road. A bold prediction at the time, but not being one to disappoint, Yahoo YHOO has bulldozed its way higher in recent days and is less than 1% from not just setting a new 52 week high, but new multi-year highs at that. It has been 5 long years since YHOO last saw its price at $40 per share, but for those astute enough to buy near the lows of 2001 or '02, they are looking at near 1000% gains from one of the biggest market cap and High Tech Blue Chip majors that make up the Nasdaq 100 and Composite indices.

Although it took a lot of courage to buy Yahoo back near its lows, during the final darkest days of the Nasdaq's melt-down, for blue chip investors to be so rewarded, over such a relatively short period of time is rare indeed. Copious amounts of liquidity have been a particular hallmark of Yahoo since it first went public affording even the largest investors and funds the opportunity to buy into multi-million share days for what have since turned out to be the potential for monumental gains. Those who had the foresight to know that Yahoo's dominance of the Web was unlikely to be shaken even by the likes of Google - GOOG, which more recently has most probably helped to enhance the value of Yahoo's stock, as it has stormed to new all time highs almost every day of late.

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The lesson in all of this is that extreme or even seemingly catastrophic corrections actually present historically rare opportunities to acquire great stocks at giveaway prices. Sir John Templeton realized this early on in his life and actually helped launch his stellar career, when he correctly deduced that any Dow Jones Industrial Average component trading at less than $10 constituted a bargain and since he started buying those bargains way back in the 50's at a time when the Dow was about to embark on a near 50 fold incline over the next 50 years, helps to explain his mega-success as one of the greatest investors of the 20th Century.

In a similar way, Investors who surmised that stocks were cheap two or three years ago, could well be looking at similar meteoric prices that still may lie ahead as we earnestly believe will be the more likely course of events going forward in a repeat performance of the great upwaves of the 20th Century being from 1903, up almost 1000% over the next quarter century and the early to mid 1950's, up almost 50 fold thereafter. As a consequence, Investors should be constantly scouring the markets searching for those undervalued gems that Wall Street has yet to uncover. Buy in gloom and sell in boom was not invented yesterday and yet, it is what motivates all investors to try and buy low in gloom and provide the fulfillment of finding and succeeding with such winners as Yahoo.

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There have been numerous other high percentile gainers over the past few years, but a few notable standouts we have uncovered are worthy of mention.

Former high flyer Sonus Networks SONS fell from grace to a lowly $0.18, rose some 5,450% to a high of $10.00. Health South HLSH rose from its demoted low on the OTC market of $0.07 to a high of over $6.67 or almost 10,000%. And another issue, although in bankruptcy as denoted by the Q at the end of its ticker symbol, Owens Corning OWENQ rose like a phoenix from its low of $0.04 to a high of $5.71, an astonishing 14,000% gain.

The bull market of the last generation enabled Ann Scheiber to turn $5,000 into $22 Million in just over 40 years with little more than the Wall Street Journal and a sharp mind to work with. Today, with the plethora of unmatched real time information and advice from some of the best of the best available at this site alone, we need to think and act like Ann Scheiber every day and set very high goals for the next generational bull run that's already begun.

Trade Well
From the Desk of Savant

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