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Strategies & Market Trends : Pitbull Investing Strategies

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To: Doo who wrote (316)9/15/1997 4:35:00 PM
From: John Langston   of 789
 
Jeffry: Its just that 4th stage breakouts have a high failure rate. Hopefully this one will make it in light of its terrific chart formation.

As for the other objection (g), the stock does not fit the Power Pitbull criteria. There. I said it. (g)

Sold 3 Pitbull's today. Down to 7 and am less than 25% invested currently.

Jeffry, I'm also running another paper portfolio using strictly technical analysis that is kicking my Pitbull portfolio in the butt. Its made up of stocks that have been killed during the past year (value-oriented, obviously) and is comprised of 32 stocks, 23 of which are NASDAQ hunnies. I've only sold one of them. Was fortunuate enough to get a 91.24% return in 8 days. Most have been in the portfolio for weeks. Could it be that most of the big movers in the NASDAQ currently have yet to make new highs, so therefore would not show up on a Pitbull screen? I didn't bring this up to start a discussion about TA, or this portfolio, but only to voice my observation. There are some excellent TA strings at this site run by people much more qualified than me.

John
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