Dell Computer, Cisco Systems, America Online—why, among the thousands of stocks that trade each day, did these three perform so well during the 1990s, posting gains of 1,780%, 1,467%, and 557%, respectively?
Or for that matter, what about Google, which started trading at $85 a share in August 2004 and didn’t stop climbing until it peaked at over $700 in 2007? Or Apple, which had emerged from a perfect cup-with-handle pattern six months earlier at a split-adjusted $12 a share and reached $202 in 45 months?
What key traits, among the hundreds that can move stocks up and down, did these companies all have in common?
These are not idle questions. The answers unlock the ...