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Strategies & Market Trends : NeuroStock
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To: Jay Hartzok who wrote (409)11/26/1998 11:36:00 PM
From: Len Giammetta   of 805
 
<Never buy at the bottom and always sell too soon.> To begin with I agree with most all your observations and have been setting up nets using those very techniques for some time now. An additional observation is that I seem to get my best nets by using short term influences of 8 or 13 days instead of the customary 20 plus.

I like my nets giving premature buy and sell signal. With few exceptions when I get a buy signal, the first day after the signal that has a higher low and higher high than the prior day is the day I jump into the stock and it usually (not always) is the start of the uptrend. My strategy has been to sell after a 5% net increase, but it's noteworthy that I've missed some gigantic profits due to this strategy. Also the 2 failures I've had this year with Neuro have been because I panicked and sold too soon against Neuros advice. In both cases the stock recovered within 5 days after I sold... really ticked me off!

Jay, in answer to your question about buying at the bottom and selling at the top... your going to hate this answer I know, but that's exactly the strategy used to generate the signals from 2nd Opinion. They openly admit to missing the bottoms and the tops by a minimum of 10% with an 80% accuracy rate. It's been my observation that many people dislike that service as a result of that.

Hope you all had a great day and good luck tomorrow!
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