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Strategies & Market Trends : Pitbull Investing Strategies

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To: Ed Middleton who wrote (669)3/10/1998 1:39:00 PM
From: conrad grant  Read Replies (2) of 789
 
Ed,

some comments:
sold MLI on Jan. 6 due to a sell stop - even money today
sold XPED on Jan. 14 due to a sell stop - sold at very bottom
sell XEL until Feb. 2 on a RS stop - sold @ only 3.6% drop, stk dropped ttl of 6% before bottom

sold CNK on Feb. 9 on a RS stop -
sold AVY on Feb. 24 on a sell stop - sold almost a bottom
sold CTAS on Feb. 9 on a RS stop - sold @5.6% from high: stk ~+15% now
The first HIB stock was sold on Feb. 23 on RS stop- sold @very bottom
Both CBRL stocks were sold on Mar. 9 on RS stops - I bought this next day!
======================================
I have owned some of these stks above, but it seems I buy them just
about the time the system says to sell! I wait for a 7-10% drop
depending on volatility, THEN buy. I haven't been stopped out
this year (yet), when I follow this strategy. Also, when stk
makes a new high, my finger starts
getting itchy on the sell trigger.
Bought PVN and COF twice on dips so far. I didn't follow this discipline on two;APW and NFB. Both good stks but I bought at new
highs and was promptly stopped right out....THEN the stks recovered.
Never again.

Just my adaptation (actually I heard it first from Jeff last year).

conrad
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