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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (155)	11/1/1997 11:38:00 AM
From: Terry Maynard	Read Replies (1) of 118717

Mike Burke - also has an SI thread - uses a 1/3,1/3,1/3 system of entering and exiting positions. He buys the first third if the stock declines he may buy a second third and if continues its descent he may buy the last third. He does not increase his thirds if it rised instead of declining and on rallies sells a third when it is fairly valued, the second third when fully valued and lets the last third ride to catch the rest of the rally. I like you have taken positions at what I thought were bottoms or close to it only to find the stock continue to drop to new lows. Burke's buying and selling strategy addresses this problem IMO. Good Investing! Terry

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