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Strategies & Market Trends : Pitbull Investing Strategies

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To: Doo who wrote (558)12/15/1997 9:44:00 AM
From: conrad grant  Read Replies (2) of 789
 
>Try to catch the stock when the volume dries up and the price
>settles after the breakout. Then, buy it, and set a Pitbull stop
>which will now have a much greater likelihood of holding at
>the same amount of risk. Sometimes, you'll be able to avoid
>the PB's recommended risk on trades like that.

Its funny you should make that suggestion as I was trying to formulate just such a plan this weekend. The tricky part is letting it correct enough but not miss the buying opportunity. I think if I allow for
a small dip/settlement and the RS is still good, I can bail at PB's
original RS stop with less risk, which is what I think you are advocating above. If so, would you consider MDC a buy at 11.5 even if the 'Power' rating had slipped below 50?

A quick question in IBD: the 'stocks in the news' charts have %s for last and prior qtrs....what is the diff?? I figure 'last' means a gain over the same qtr last year and 'prior' means a gain from the last qtr over the qtr immediately preceding it. Yes?

Conrad
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