About Us

Theory: For as long as human beings have been investing, markets and individual investments in these markets have ebbed and flowed based, less on rational investment analysis and, more on shear human emotion. Some call this phenomenon the "Fear and Greed Effect". I break it down to a more basic level. I call it panic. At any given time in the stock market, investors are either panicking into or out of positions based on where they perceive the opportunity or the danger. That panic leaves footprints that can be identified in the price action and trading volume identified in daily and weekly stock charts. Once we identify which direction the general panic is taking the market and / or a stock that we have targeted with fundamental analysis, we can capitalize on that knowledge.

Basic Tenet: We will be wrong in our investment analysis and / or timing at least half of the time. That is why it is important to also utilize a strategy and discipline of trailing stop loss orders. Our basic investment philosophy is to cut our losses and let our winners run. This, often talked about strategy, is much easier said than done and most people with any investment experience can attest to the fact that most often our emotions get in the way of a disciplined trading strategy. Our system of trailing stop loss orders enforces our discipline.

Strategy: We utilize a unique investment strategy that starts with top down fundamental analysis to identify a list of prospective investments. We then utilize technical analysis to identify the best time and price levels to invest in the companies we have already identified. This allows us to get into solid fundamental investments when they begin to make significant moves. (Have you ever bought the right stock at the wrong time and held it for years only to have it make its big move a month after you have given up and sold it?)

Once we have identified the stocks we want to establish positions in (long or short) and the price levels at which we want to invest, we track those stocks utilizing proprietary data base management macro technologies until the ideal time to establish our position in the stock. Once we have established our position, we use this same database technology to track the investments that we are holding in client portfolios and we trail stop loss orders to maximize profitable investments while minimizing losses.

We attempt to hold our positions as long as they continue to increase in value closing transactions only when they violate a strict set of selling parameters based on our own quantitative and technical analysis.

We utilize three primary portfolio strategies:

• The first is an "Investment Portfolio" strategy. Investment Portfolios are longer term buy and hold investments, based primarily on fundamental analysis. They tend to be more moderate in risk.


• Second is a "Trading Portfolio". Trading Portfolios are shorter term and more highly transaction oriented than Investment Portfolios. They are based primarily on technical analysis and involve significantly more risk than Investment portfolios.


• The third and final portfolio strategy is a "Margin Portfolio. The Margin Portfolio is managed utilizing primarily, but not exclusively, stocks from the Trading Portfolio. The Margin Portfolio utilizes margin to leverage portfolio results and involves significantly more portfolio turnover and risk than the other two portfolios.

What sets us apart: We are stock guys. We are not financial planners. We will not offer mediocrity and call it balance. We will not diversify you holdings among different asset classes. We will not sell you insurance, mutual funds, or annuities nor will we tell you how to send your kids to college, how to afford retirement or how to buy a chalet in the mountains. We don't even want all of your business. We have no airs, no pretences and offer no excuses. We are about making as much money as possible on the portion of your portfolio that you are comfortable subjecting to a highly aggressive short-term stock market strategy.

And we have been doing so successfully for nearly 20 years.

Not convinced? I don't blame you. That's why we offer a free trial subscription to our newsletter, "Good Morning..."

News Letter: Our newsletter, "Good Morning..." attempts to follow our investment philosophy and help clients and investors to understand what is going on with our portfolios and the market in general from a Technical Analyst's perspective. What makes "Good Morning..." unique is that we track the management of actual client portfolios, allowing readers to see how our management style actually works in practice and in real time.

Most newsletters give you theory and "cherry picked" returns on individual stocks. They discount any investment that has resulted in a loss and highlight only the trades that perform well. Consequently, when you try to manage your portfolio utilizing their investment advice your results do not even approach what it appears their portfolios are returning.

With Good Morning... what you see is what you get, real time and real returns. No monkey business.

My Background: I am a partner with an independent stock brokerage firm, Bannon, Ohanesian & Lecours, Inc. in West Hartford, Connecticut. I am a Senior Vice President - Investments and a Technical Analyst. I started in the investment business in 1983 working for First Investors Corporation selling mutual funds. Before coming to Bannon, Ohanesian & Lecours in 1992, I worked for Moseley Securities and Fahnestock & Co. as a stockbroker. In 1987 I was working for Moseley Securities. An analyst came on the "Squawk Box" pounding the table about a company called Apollo Computer. At the time it was selling for $22 a share. I bought all my clients shares of Apollo at $22. At $18 per share the analyst got back on the Box and said "it was good at $22 its better at $18". So I called all my clients and had them double up on Apollo. At $12, the analyst was again on the box talking up Apollo. I called the few clients I had left and bought more stock. At $8 I called the analyst to find out what was going on. I was informed that the analyst no longer worked for the company. I swore then that if I would never let another analyst blow up my clients. I learned technical analysis from the ground up, experimenting with my own money before putting any clients' money at risk. As is evidenced by the portfolios in the newsletter I have been very successful at trading the market.