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Strategies & Market Trends : Let's Make REAL MONEY (Big, long-term cap. gains)
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To: James F. Hopkins who wrote (17)12/16/1997 5:14:00 PM
From: Bill Levy  Read Replies (2) of 135
 
James,

You're right. A stock that is down substantially could get delisted, go to the pink sheets or go into bankruptcy. That is why I will not buy a stock that is down and out until it has gone at least three years without making a new low. It should be going sideways during the basing period within a well-defined trading range. If the stock can go sideways for 3 or more years without making new lows the chances are pretty slim against being delisted or going into bankruptcy.
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