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Strategies & Market Trends : The Dead Cat Bounce Theory

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To: twinsbill who wrote (1800)10/2/1997 8:25:00 PM
From: Carrielee   of 1836
 
To twinsbill & all,

Sorry it has taken me so long to answer but, I have been sick and had to spend some time in the hospital. Doing fine now so I'll try to catch up.

First, let me say I'm probably just lucky. The old saying is that skill and science will always win out over fear and and superstition. However, I had just as soon be lucky.

Second, let me say I used the DCB principles to achieve the performance. That means the trades I made were not necessarily dead cats. Some were, some weren't. I had watched some of the stocks for a up to 6 months before buying them, some I bought within the hour after seeing them on the losers list. I was in some of the stocks for a few hours. Those were GOTK, PUMA, RMTR and TTEC. I was in some for less than a week. Those were ROSS, PETM, RAYS (my only loser) and ULTK (2nd time in ULTK). Others for a week to 6 weeks. Those were HOPR (now completely gone), ULTK (first time in it), BRLI and QDIN.

Two post I think helped me more than any others, those were the post by Joe Copia, reply #991, that says "Pigs get fat and Hogs get slaughtered" and another one that I can't remember the number of, says something about a "feel good" feeling, when looking at the company numbers. I now sell when I have a profit and I don't look back. My old problem, that this thread solved, was that I kept holding a stock no matter how much it fell. Nothing scientific and no skill, just luck. No special criteria, just luck.

Carrie Lee
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