Hindsight might be 20-20, but tracking your investing through the smart use of a watchlist can help you correct your vision going forward. Nine months ago , I chatted with Motley Fool Stock Advisor analyst Jason Moser, who shared three companies on his watchlist, plus one that he rued letting get away. What did he learn, and more importantly, what does he like today?
From watchlist to portfolio
Back in November, Jason had his eye on Higher One Holdings
Shares climbed to all-time highs in the months after Jason originally shared the ticker with me, and he made it a purchase in his Rising Stars portfolio when it dipped in late March to $14.39 a share. At the time, he wrote, "I can see shares being worth about $17 today. This doesn't leave much room for error, but I also believe that Higher One has some serious growth potential ahead of it if things go well." Today, shares are, in fact, trading at nearly $17 (nice prognostication, Jason), and much of that growth potential remains as the company continues to pick up new clients.
A new concern
Jason has a thing for companies that are experts in service areas that others might prefer to outsource. Healthcare Services Group
"It's a genuine concern, but the price is down nearly enough to accommodate for that risk," Jason says. "The price is down from $16 when we talked to about $14 now. It's one of the only companies that does what it does, and I don't think people are going to stop getting sick. But I want to get a better handle on the risk this one entails."
Jason has been waiting for a long time to buy Dick's Sporting Goods
And one that really got away
That strategy of patience blended with vulture-ism didn't work out quite so well for Jason on the fourth stock that we discussed back in November. He initially spotted Air Methods (Nasdaq: AIRM) when it was at $36, but shares of the operator of ambulances in the sky had soared to more than $42, moving out of his range. Today, the company, which owns and outfits the helicopters involved in air medical emergency transport, trades for more than $64. "Now it's really out of my price range," says Jason with a wry smile.
A smart watchlist can help you see the error of your ways and adjust your thinking in the future ... without it costing you a bundle. My Watchlist is yours free from the Fool. Click below to start following one of the stocks mentioned above:
Roger Friedman doesn't own shares of any companies mentioned, but they're all on his watchlist. The Motley Fool owns shares of Higher One. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insightsmakes us better investors. The Motley Fool has a disclosure policy.