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Strategies & Market Trends : Get Rich Quick!

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To: RON JANOWSKI who wrote (11)11/11/1996 4:09:00 AM
From: Terry Blount   of 84
 
I wrote my own programs but I would think there are several that work with the various different formats that quotes are available in. Usually you can find these stocks on the list of the Top Percent Gainers at several Web sites.. like DBC. The stocks that meet these requirements are sometimes among the last 5 on the top 15 list. Just look down the list until you find stocks that did NOT go UP more than 15% during the day and see if any of them meet the price and volume requirements... then check their chart and see if the stock's current price is the same or LESS than it was one month ago. If it was over 30% less ignore that stock. For example: if you find a $10 stock and it meets the parameters but you notice that one month ago it was higher than $15 just pass. When you find a qualyfing stock watch it the next morning... and if the spread isn't too large... say over 1/2 .. and it is going up enough that the current bid is HIGHER than the opening ask price... you have a very good chance that the stock that you have located has an average potential gain of about 15% during the next couple weeks. If it goes down more than 1/2 or 3/8.. dump it ...otherwise just watch it for about 10 days and when/if it makes a run, try to exit the first time it gives back 1/4.
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