Amazon.com Review Don't we all wish we could identify that next big, breakout stock and jump in before everyone else? Investment professional Tobin Smith believes he's developed a solid means to that end, and he lays it out with contagious confidence in ChangeWave Investing. His intriguing approach begins with a detailed system for identifying the most promising of future highfliers--employing protocols that, Smith writes, "delivered more than 150 percent annualized gains since 1995 and more than 430 percent gain per stock pick in 1999 alone." Smith then turbocharges this approach with what he calls "open-source investing," using the same free-flowing method of information exchange that's proven so successful in the Linux software community. Much in the way ever-tweaking programmers have continually improved Linux, Smith contends, investors can enhance his own aggressive growth-stock model. Will it work? Investors who support Smith's contention and play along, combining his advice with their own collective expertise, should be able to upgrade the financial "source code" of New Economy, making it available to all participants. Some of the jargon-laden process may befuddle casual investors, but serious stock watchers searching for an ambitious and original strategy with high upside (and commensurate risk, to be sure) may just want to strap on a virtual seat belt and see for themselves. --Howard Rothman Product Description In this incredible book, Tobin Smith shows how the New Economy is just beginning, providing proven, easy-to-grasp strategies for rapid financial wealth-building. From Publishers Weekly All that glitters may not be gold in this stock-picking guide. Although Smith identifies himself as "vice president for Phillips International, one of the largest investment advisory companies in the world," Phillips International in fact predominantly sells vitamins and nutritional supplements and publishes numerous newsletters. A few of the newsletters do deal with investing, but even if Phillips's entire revenue came from investment advice, the firm would not be among the 500 largest such companies in the world. The key to Smith's "ChangeWave" system is in the systemic trends that drive most investment opportunity and that, according to Smith, point to 10 "Supersectors" (groups of industries with explosive growth potential) and five "emerging Supersectors," along with nine "Superspaces" (thinly populated areas of economic opportunity) and seven categories of profitable companies across industries. Collectively, these areas contain the fast-growing, expensive stocks that momentum investors love (and value investors hate). With 33 different point-based scales, Smith helps readers identify "Gods" (Game Over Dominator Stocks) or "eGods" (Emerging Game Over Dominator Stocks), which, he says, should be bought and sold according to moving average conditions. Some readers will find it slightly fishy that 41 of Smith's 56 featured stock picks were among the top 56 performers leading up to February 2000, when Smith finished writing, and all but four of the rest were among the top 100 (out of more than 10,500 stocks). Most of his picks are currently down at least 50%, and in many cases much more. However, perhaps this should not discourage ChangeWave believers: the author argues that fundamental technological and human truths (waves) beat temporary market aberrations (storms). Investors beware: the book does not offer sufficient evidence that the system works; it is supported by the author's personal theorizing about the economy and financial markets. (June) Copyright 2000 Reed Business Information, Inc. Review Very impressive . . . a landmark book! Don't make another investment in tech stocks without reading ChangeWave Investing. -- San Francisco Chronicle, Harry Domash, Online Investing Columnist From the Publisher [from the Author's Preface] ChangeWave Investing is about your prosperity in