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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE

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To: James Strauss who wrote (1804)1/24/1998 8:36:00 AM
From: ChrisJP  Read Replies (2) of 2377
 
Hi Jim,

I'm not questioning you stock picking, TA, or FA skills. You're track record speaks for itself.

What does you TA say about this ?

iqc.com

Hint: It says to wait until the people who just doubled their money in less that 2 weeks finish selling before buying more.

Jim, I'm not picking on you in particular; I'm making this statement because a lot of people got burned last fall by buying POWs at their momentum peak. (my problem is not buying at momemtum peak; it's learning to SELL at momentum peak ).

You've been averaging up so you will probably be OK. I'm thinking more about people looking for their first entry point. Please consider using your TA expertise to include the phrase "short term overbought" when you discuss prospects for stocks you like.

Before you think of criticising this post, think about "RECY on the Move ..." when it was at $7.

Regards,
Chris
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