The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (37647)	12/2/2000 12:01:25 PM
From: Steve Felix	Read Replies (1) of 79429

Doug, I should have clarified that I got CITI out of a special scan that I run looking for accumulation that others haven't spotted. I usually have two to five of these low priced stocks lying around. If they are interesting enough I take a small position. Right now there is only CITI and MESA. The fact that I didn't trust myself really ticks me off. I end up wrong four out of five times, and the stock goes nowhere, but when it works out it is worth the wait. Percentage gains can be fantastic. INKP in the $2 to 2 1/4 range: Message 12242816 A lot of patience but well worth the wait. I still hold some of this one: Message 12161359 I have found that if I try to put stops on these they will whack me every time. I tend to stay away from low priced stocks except in momo season. <gg> On the trading side I have become so much better since attending your Philly and A.C. seminars. True, you can't cover it all, and people need to build on what you give then, but may I suggest that you spend a little more time on stops. I don't think a lot of people that come to your seminars are able to be in front of their computers all day. It was a true epiphany when stops finally sunk in. Made me feel stupid for not "seeing" before. Guess I wasted those question and answer periods!!!! hehe

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