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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: tekboy who wrote (9228)11/1/1999 1:58:00 PM
From: StockHawk  Read Replies (2) of 54805
 
Re: MoSSTeBoFS (Modified StockHawk Short-Term Bottom-Fishing System)

I think this latest round of the test requires the implementation of a refinement to the system. That is: "do not try the test during a week in which a known material event is set to occur". The known material events I am referring to in this case are earnings report but other significant events, such as a date for a court ruling would also qualify.

Take a look at QCOM. I think you my have set yourself up for a lose/lose situation. You set the limit at just 2 1/2 percent below the then current price. But Q will report earnings on Tuesday. If they miss expectations the stock will most likely fall far more than 2 1/2 percent, in which case you would buy expensive stock as it begins to fall. On the other (more likely) hand, if they surprise to the upside, the stock may run and you will have missed it. Ditto for GMST which should report this week.

I felt compelled to waive this warning flag, since if you miss getting into the Q here you wife may get mad. Her getting mad at you is OK (and likely deserved for a host of other reasons) but if she also got mad at me - because my handle is on the test - now that would be unacceptable.

StockHawk
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