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Strategies & Market Trends : All About Longer-Term Investing
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To: irv_mermelstein who wrote (6)10/25/2000 2:55:37 AM
From: ig  Read Replies (1) of 15
 
I think O'Neill is right that stocks do well when they clear 52-week highs. At this point, a stock has cleared any overhead resistance and, if the stock has good fundamentals, its open field running. IBD has a daily list of stocks that have cleared 52-week highs and this is a good place to look for ideas.

Yes, a stock clearing 52-week highs means nothing to O'Neill without the stock also having accelerating earnings and sales.

After three years of daytrading, I am now faced with the new "problem" of where to put some longer-term money. Of the several approaches I have reviewed so far -- the Fool books, an NAIC class, James O’Shaughnessy's What Works On Wall Street, and a few others -- O'Neill's is the most interesting and persuasive, but I am not yet one of his True Believers; I am still surveying the field.

Thanks for the response.

ig
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