The “magic carpet” mentality is jumping on the carpet (stock) at a low price and riding the carpet (stock) up to a high price. As it rises, advocates of this approach jump off the winner, take the gain and move to another magic carpet at a very low price hoping to catch the next updraft.
Ingles Markets out of Ashville NC is a grocer that has been coming alive over the last three years. See the attachment with their share A earnings. Do your own research, but the numbers have really stepped it up to a higher level.
