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Strategies & Market Trends : Ted Warren's Investolator

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To: WEagle who wrote (1046)4/28/2022 9:56:50 AM
From: investolator2000   of 1798
 
Hi WEagle & Stack,

DGLY:

Ted always said that unless you buy the stock at just the right moment, you can expect it to go down (turn red) for a period of time. There has been only one stock that I purchased that I remember that never went below my stock price plus commission, and it was the very first stock I ever bought back in 1983. I held it for just under 6 months and sold it on a fast rise for 250% profit. My profit would have been greater if I was not using a high price brokerage firm at the time.

I have provided the DGLY chart on a 5-year range and still use monthly frequency. What I look for in a formation like this one, is higher monthly highs, and higher monthly lows.

I have taken my pain meds this morning, so I hope what I have written makes some sense.
.

I2000
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