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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: Carl Worth who wrote (4983)7/19/1999 3:09:00 PM
From: Bruce A. Brotnov   of 6445
 
Carl, before I retired in 97, I had said several times that I didn't want to get "computer locked" to watching the market. I designed Poormans years ago for the working person (me) so I didn't have to watch every 10 minutes and in fact have seldom traded stocks that weren't held a minimum of 2 weeks and more like 2-4 months on average. After retiring and having the ability to watch constantly, I still don't like the momentum route that locks one to the computer. Although I see where one may play day trading only where one trades on a decent market day and finishes in cash - but I am still an investor at heart. I have made but one trade in 6 weeks in the $100k model and it is doing ok up 50% since 1 April 1999. After this round of earnings I may do a little fine tuning.

I was trying to find something to sell today to buy some VOX at 13 3/4 but I don't have anything I want to give up yet. The DOW has a nice triple bottom (10,400) and now working on a handle; question is, will it pop up or down - should know in a few days.

Keep an eye on TRIBY and AMBI.

Bruce
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