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Strategies & Market Trends : The Dead Cat Bounce Theory

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To: stockvalinvestor who wrote (309)	3/28/1997 2:25:00 PM
From: George Spritzer	of 1836

Kenneth: Thanks for the summary chart. I printed it out and plan to save it for further research into dcb stocks. I want to see how some of these stocks do on a longer-term basis. But, how did you arrive at today's buy/sell prices? I thought for a fair "real-life" test, all buys would be at the asked price and all sells at the bid price. 1) For ANET, you show a sell at 12. But the closing price in Yahoo quotes is 11 3/4 bid- 11 7/8 asked. Shouldn't the sell price be 11 3/4? 2) Also for DLGC, you show a buy price of 19 5/8. Yahoo quotes gives the closing level as 19 5/8-19 3/4. Shouldn't the buy price be 19 3/4? For the typical retail investor, it may have been hard to buy or sell at the prices you show. Perhaps the only accurate buy/sell prices would be to actually execute the trades with real money.

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