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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (316)	12/6/1997 6:20:00 AM
From: Dale Baker	of 118717

Time to eat my words from Friday's open. Some very strange patterns showed up across my watch lists. Lots of stocks which had been declining steadily suddenly shot up, most on no news. This leaves me very suspicious. Is it a December rally or just the illusion of one? Many, many buy orders will be stacked up at the open on Monday from those who eagerly chase the big gainers from Friday. I just don't see what will hold these stocks up more than a day or two. The smart money probably bought in early Friday and will exit Monday or Tuesday afternoon. This is especially true for the Individual Investor Magic 25. Very few mere mortals have seen the whole list since II's Web site crashed soon after it was released and I can't find anybody who has posted the full list, or a news story about it. If anyone has the whole list, please post it here. Last time I checked the II Magic 25 for 1997, sixteen were up and nine were down. Overall the portfolio made 44% so it's probably a good buy if you grab them all. On the other hand, be careful cherry-picking. Some of the nine losers were real losers. I heard that PRCM is on the list. Haven't followed this in a long time but at first glance it looks like a good 50% or better candidate.

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