Chapter 9. Stock Angler
Investor: Justin Uyehara
Date of Birth: February 13, 1970
Hometown: Elk Grove, CA
Personal Web Site: None
Employment: Engineer, state of California
Passions/Pursuits: Fishing, Sacramento Kings
Investment Strategy: Active trend trading
Brokerage Accounts: E*Trade, TD Ameritrade, Charles Schwab
Key Strategy Metric: Percentage Gainers, relative strength
Best Pick: Sunrise Senior Living, Up 92 percent
Worst Pick: Kodiak Oil & Gas, Down 65 percent
Performance Since January 2003: Average annual return of 33 percent versus 6 percent for the S&P 500
When Justin Uyehara was a teenager one of his favorite pastimes was fishing. Especially fishing for salmon on the American River not too far from where he lived. Northern California's American River runs from the Sierra Nevadas through the capital into the Sacramento River and eventually out into the San Francisco Bay. Justin's best fishing spot was at the Nimbus Dam in Folsom where there was a hydroelectric plant. Fishing at Nimbus always yielded the greatest catch.
"All of the fish go up the river but they get bottle-necked by the dam," says Uyehara, reminiscing about a 30-pound salmon he landed at age 15.
Most experienced anglers in the Sacramento area know about the salmon at Nimbus. The water is turbulent by the dam, and the large salmon returning from the sea to spawn up river congregate there.
It's a perfect spot for landing big fish, and for youngsters ...