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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Frank Sheridan who wrote (723)	6/22/1999 7:09:00 PM
From: jttmab	Read Replies (1) \| Respond to of 10607

Frank, This was posted coincidentally today on the Investment Resource Links thread... jetson.cnbc.com It is a search engine over most of the criteria you can imagine. For what you're looking for a stochastic oversold condition seems to come to mind. One of the unique characteristics of this search engine is that it back tests your criteria for success/failure... I just started playing with it, somewhat random selection criteria just to see what happens. A quick observation is that my random selection process results in a back tested result that has random success/failure. :o) Regards, Jim

To: Frank Sheridan who wrote (723)	6/23/1999 12:10:00 AM
From: Raymond Duray	Respond to of 10607

Hi Frank, I have been seriously trying to master the art of the individual equity for only about the last six months and my gut reaction is very much the same as yours. Anyone who cannot understand and tolerate volitility ought to stick to Green Stamps and Muni coupons. The best stocks I own at present are ones I bought on dips earlier this year. The only things I have that are underwater are stocks I've purchased recently on fundamental analysis without the proper degree of respect for timing. They will come back, but I do dislike having to cover the same ground twice. I don't know Cadence very well, I believe they are in an out of favor sector of the tech arena at present. Perhaps you are on to a real jewel, but then again you could be looking at the equivalent of an Iomega as it moved down inexorably from 90 and based at 50 say,...and look where you would be now if you had jumped at that bargain. I'm going to look into James Nickel's suggested site. If I can add wisdom to this thread, I'll be back. Buffettology for Afficionados: "Integrity, Intelligence, and Energy are three critical characteristics. If a person doesn't have the first one, we better hope he/she doesn't possess the other two." "I call investing the greatest business in the world because you never have to swing. You stand at the plate, the pitcher throws you General Moters at 47! U.S. Steel at 39! and nobody calls a strike on you. There's no penalty except opportunity lost. All day you wait for a pitch you like; then when the fielders are asleep, you step up and hit it." (editor's note: Frank, this seems to be the gist of your post, eh? "I will tell you the secret of getting rich on Wall Street. You try to be greedy when others are fearful, and you try to be very fearful when others are greedy." Best Regards, Ry

To: Frank Sheridan who wrote (723)	6/23/1999 12:50:00 PM
From: Stuart C Hall	Respond to of 10607

Frank, Very well put. When the 'nets took a dive last week I wasn't worried, until one of my stocks actually broke below my purchase price. Seeing that red number is not something I like. Makes me _very uncomfortable_. However, if the stocks move up or down 20-30 points in a day or two, it's no big deal to me as long as I'm positive overall. One thing I'm trying to improve upon is to sell when a stock has jumped ahead of itself and is due for a slight correction. Examples, CMGI at 330, SILK at 50. Regards, Stuart