Myron,
IN, Sergio and myself are working on a review and your input is entirely welcomed and appreciated. Performance of stocks that were picked recently has reflected overall market conditions but these stocks have produced no technical sell signals. Sergio and IN are double checking the fundamentals for weakness. Some of the companies have undergone structural and/or management changes such as CADE, RECY and MTON. BLSC reached both the short and intermediate targets and is on its own now. Other stocks have reached the short-term target. Many people following the POW's have, or have developed, very short-term expectations and may be uncomfortable with these stocks as they shift to intermediate-term activity (9 months can seem like an eternity when you're used to good short-term performance). Some stocks were approaching the 3 month point and got knocked back by the market like all stocks did. HURC could be considered an example of this and as such, may not reach the target in the 3 month time frame. Stocks such as SEEQ, TRIBY and BOSCF may seem stalled to those who could be allowing ultra short-term thinking get the better of them. I cannot control that.
There are 14 stocks that DIS has worked up reports for. A re-evaluation may result in the removal of some, along with BLSC, from further consideration. I have to clarify that Doug, Instock and Sergio are not a formally organized mutual fund. We do not make buy and sell recommendations or supply "coverage" of stocks. All decisions to buy or sell any stock and the responsibility for those decisions rest with the individual. Each person has his/her own personal framework in dealing with the stock market and the "attitude" stocks concept is not a one-size-fits-all method. No method is bullet-proof and in the recent market environment (which, a few weeks ago, I said was going to be dangerous until at least the end of Dec.) there are alot of bullets flying around. I have confidence in the 56 point system and have to point to the fact that 2 report stocks (APCO and RECY) have made 52 week highs in the midst of all those bullets and ACRT (which has had an attitude for over a year now) and APCO have made new alltime highs as well. Most of the attitude stocks are holding up pretty well considering market conditions. The 56 and related threads were never meant to function as a hand-holding service but there has been quite a bit of that. I hope alot of 56ers and lurkers have learned a good deal so far and feel more in control of their stock market situations. As a result of the Annapolis seminar I expect that additional solid and profitable trading opportunities will come from many more people than before. It's a stock picker's market and there's ALOT of stocks. Going forward, I expect a higher level of success based on a more organized group effort.
Thank you for your time.
Doug R |
