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Strategies & Market Trends : Investor's Business Daily
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To: Investor2 who wrote (148)11/30/2000 1:27:13 PM
From: - with a K   of 164
 
Here's what O'Neil says in Chapter 7 of "How To Make Money In Stocks:"

"You can be right on every one the the first six factors [C-A-N-S-L-I], however, if you are wrong about the direction of the broad general market, 3 out of 4 of your stocks will slump with the market averages and you will lose money.

[Boy can I relate to that!!]

"When you make a mistake in the stock market, the only sound thing to do is correct it. Pride doesn't pay.

"You will usually be better off staying on the sidelines in cash and avoiding short-term counterfeit rallies during the first few legs of a bear market."

Then recently he had this to say:
investors.com
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