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Strategies & Market Trends : Pitbull Investing Strategies

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To: Ralph Garcia who wrote (68)5/14/1997 11:19:00 AM
From: John Langston   of 789
 
Ralph: Just spoke to IMF. The answer is "MORE than 5 point drop in RS." In other words, 6 points. So, you were right, and I sold IR too soon. (g) Hey. . .when you're paper trading, you can forgive yourself quickly. (g)

I also verified the "avg daily volume" issue. It doesn't apply, rather the volume on Friday must be minimum 50,000.

I'm also breaking another rule since I own 13 stocks. I couldn't help myself. (g) Too many candidates with a Merit ranking of over 60. Its nice to have a market where even the 40-59 rankings can be shelved.

John
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