Ask DrBob Message Board - Msg: 14506962

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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	10/3/2000 10:52:07 PM
From: FLACK	Read Replies (1) of 100058

Just another voice in the crowd? This from a Q&A session with William O'Neil and almost exactly as he stated it in his book - "It may take a few more weeks of whipsaw action before we really get going, so remember to focus on buying leading stocks with all key characteristics of strength, just as they are breaking out of sound bases. And always cut your losses quickly if your stock falls 8% from your buy point." When I say it, it sounds silly. "Oh, that's just that FLACK guy who shorts the market." But when O'Neil says it it sounds like gospel... or at least it should. I've seen many posters extol Mr. O'Neil and discuss the cup and handle adnauseam, but some of these people seem to have forgotten this gem.

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