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Kid cashes in on poor performers.

The Charlotte Observer (Charlotte, NC )

| May 24, 2005 | This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Amy Baldwin

May 24--If you want to make money on Wall Street, go your own way.

That's the wisdom of successful stock picker Matthew Whitmill.

In the past 10 weeks, he managed a stock portfolio that grew nearly 26 percent, to $125,878.75. He took a contrarian approach by finding lesser-known companies that were underperforming and shorting their stock. He was betting those shares would fall.

"A lot of stocks seem to go down more than up. I decided to look for stocks that were doing poorly," said Matthew, who's 14 and finishing up eighth grade at Brawley Middle School in Mooresville.

Alas, his portfolio and its sweet return…

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