Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

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To: Patric who wrote (2539)	1/3/1999 12:18:00 PM
From: Ken Adams	Read Replies (1) of 39683

Patric, and all: I was about to post the numbers for AWRE when I saw that drsvelte did it already. I have an opinion on this that I'd like to throw out. O'Neil says to buy stocks with the highest RS and EPS, and, of course, he's been proven right on this for years. A consideration for us "Befriend the Trend-ers" (are we Beaters for short?) is to recognize that we're not long term investors, as is O'Neil. We're trying to scalp 5-15% on a trade and do so in only a few days when possible. This makes chart reading far more important. It makes EPS far less important. It seems to me that each of us needs to ask just how long a hold period am I trying to average. The longer term holders should place a higher importance on EPS (and other fundamentals). JMHO, Ken

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