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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (21787)12/6/1998 1:04:00 PM
From: StockOperator  Read Replies (1) of 50167
 
Good morning from the Midwest Ike. I wonder if you wouldn't mind discussing your approach to the markets with us. From reading your illuminating posts I realize that you have a solid foundation in regards to fundamental analysis. But yet you talk a lot about support and resistance levels in your trading. Do you utilize much technical analysis? I'm also wondering if you see yourself as more of a trader as opposed to a long-term investor, and if so what kind of time horizon you utilize when buying stock or do you prefer the options over the stock? Lastly, it appears that many of the stocks that get your attention are the bigger more established names. Do you ever consider buying any small cap companies where I realize there is more inherent risk?

I ask these questions because I realize we all have our own approach to the markets. Obviously, the size of one's account would have a big impact on the kinds of investments that makeup a portfolio. I can't imagine to many five dollar stocks coming across Mr. Buffett's computer screen (if he even has a computer). Personally, I am a big believer in technical analysis. After looking at countless charts over the past six years I have discovered that the battle thats being waged on a daily basis between buyers and sellers offers a predictive value as to future direction of stock prices. Daily trends build into weekly trends which then turn monthly which make up the price history of the company itself. If one can say that there is short-term resistance at a certain level doesn't it make sense that the same should apply when looking at the long-term. What about a company that for years has disappointed investors with falling share prices that eventually turns itself around, could that turning point on the chart come at the resolution of a long term trend? And if true, wouldn't that offer tremendous leverage to the trader that could identify that area on the chart. Just a few thoughts.

I look forward to hearing from you. Thank you in advance.

StockOperator
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