On October 24, 2008, I wrote an essay called "Blue Chip Bargains." It was aimed to present some ideas on how you could build a portfolio of great stocks at bargain prices. To accomplish this task, I described how I created a search called "Best of the Biggies" and then used Portfolio Manager to whittle the list down to a diversified portfolio of 100 stocks. What a fantastic portfolio of stocks! It made my heart flutter. Nevertheless, I completed the essay by describing how I would go about buying them.

On that same October day, Mr. Gordon White gave a wonderful presentation at the VectorVest University on how to create this wonderful list of stocks and he demonstrated how one might use it to pick long-term winners. On December 12, 2008, Mr. Todd Shaffer used this same universe of large cap stocks to give another great presentation called, "Taming The Tiger - Part II, A Safe Way to Lock in Low Prices." In this presentation Mr. Shaffer showed how one could use Bull Call Debit Spreads to establish relatively large positions in these stocks at a relatively low cost. On December 26, 2008, Mr. Gordon White illustrated how one could generate cash from these stocks by selling Put Leaps. (One should be aware that selling Puts is riskier than buying Bull Call Spreads.) Finally, on January 16, 2009, Mr. Todd Shaffer showed us another way to generate cash from these stocks buy selling Leap Strangles.

At this point, I have to confess, I've used all of these techniques to make money from these stocks. While I am quite satisfied with the results, I could have done even better.

Given the enormous success we have had with our low RT bottom-fishing strategies, I wondered what would have happened had I sorted these stocks by VST/RT and focused on buying the highest ranked stocks. All I can tell you is that the results would have been fantastic. Ms. Angel Clark is prepared to show you what they are. So watch this week's "Strategy of the Week" presentation at the VectorVest University to see how you can make a bundle of dough by Bottom-Fishing for Blue Chip Bargains.

P.S. Why have we returned to the Blue Chip Bargains portfolio so many times? Simply because we are living in historic times and buying these great stocks at 5 to 12-year low prices makes a lot of sense. I firmly believe they will be much higher in the years to come.