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Strategies & Market Trends : Buffettology

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To: Freedom Fighter who wrote (2503)6/2/2000 8:28:00 PM
From: Shane M  Read Replies (2) of 4690
 
Wayne,

Interesting question.

After a year it seems if I'm right most picks tend to have moved in the right direction. Many move in a nearer 6-9 month window. It's very dicey it seems to require movement in anything much nearer than 6 months though, because there's something to negative momentum in the kind of stocks that I buy on the dip. When I buy on a dip they normally move lower on me also before they start moving back up.

It's very tough for me to figure exactly what's going to make the stock finally move. Two quarters of positive turnaround data seems to add alot of confidence and turns the tide, at least halting further price declines. Three quarters of good turnaround news seems to always send a company on a march upwards if it hasn't already.

Some, especially thinly traded issues, just seem to sit like a rock then come to life and find a new plateau in the course of an upredictable week or two. Some of these I never know what really makes the stock move. It just happens on no real news or change in the business.

Shane
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