Timing the Trade the Wyckoff Way Message Board

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Strategies & Market Trends : Timing the Trade the Wyckoff Way

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To: TedPunts who wrote (14078)	2/7/2017 6:36:50 PM
From: Joe Highlander	Read Replies (1) of 14340

Well, dear friend, you are better than I am at this; but here is what comes to my mind. Fund managers, short sellers, and numerous other fellow market participants will follow their rules and methodology; we should follow ours. The recent piece about Speculation was inspiring. We know remember reading about Darvas making 2M by holding a small stock till the end of the movement, refusing to follow the advice of broker to sell much lower. We read about Bill O’Neil making huge gains by holding and adding to AMGN, ending up putting as much as he could and with full margin. Other time he held for 2 years 2 stocks PCLN and AMZN, fully leveraged, meaning 100% of portfolio in each stock again making obscene profits. I don’t have this stock. If I had I would be looking to add if report and market responsive was encouraging. If report is as anticipated and market reaction is not good then I would just hold till next earnings report expecting sideways movement till then. If the report and market response are disappointing then decision is easy, sell all. About the WL stock, I don’t know. Don’t know how big the addressable market is; though the urgent need is there. I don’t know how difficult it will be for others in the field to make changes in the active molecule to come up with competing product. You obviously were wise to recognize the potential. We will be rooting for you. What I really want to say is this: congratulations for learning this business and being successful at it. You are an inspiration. Best Regards.

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