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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 239.67-1.8%1:11 PM EST

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To: TechTrader42 who wrote (4377)8/10/2000 6:48:55 PM
From: Jim McMannisRead Replies (3) of 275872
 
RE:"Takes all kinds of tools to make money in the market -- not just FA. In any case, many who crow about FA don't do it. FA to them is looking at notes on SI and convincing themselves in a group hug that they got into a good stock, no matter how low it goes."

I'm probably one of the few here that ever had investing classes in college. They were few and far between that far back...Most here are engineers...who see a good thing when they see it but haven't factored in any top down investing...
We were taught that you probability of success is greatly enhanced picking stocks in a bull market. Start at the top...work down. 1. General market should be favorable, 2. then look for the best sectors, 3. then look for the best companies in those sectors.
Right now we are looking at a good company in an out of favor sector and a bear market.
So what do you do? You can either be in cash or try to buy the best stocks on weakness. If they go down, buy more.
How do you know when to buy? You don't really know but you draw lines in the sand using TA...and take your best shot.

Jim
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