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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (21762)	3/7/2000 12:46:00 AM
From: Junkyardawg	Read Replies (1) \| Respond to of 63513

Can you believe this... I live in a small town and we still don't have the movie Boiler Room here. geeeeezzzzzz dawgy

To: Jorj X Mckie who wrote (21762)	3/7/2000 1:05:00 AM
From: Don Pueblo	Respond to of 63513

I hear that. I am working on that very thing right now. Once I get it sussed out, and I guarantee that I will, I will post my findings publicly. So far, my 'stopgap' measure is to exit half or more than half when I get to my first PO. My problem is that once I have exited part, I start counting my money. After that, it's like...'I've waited long enough, I'm taking the rest'. Of course about 2 minutes after that, you know what happens...<G> "Rookies calculate their potential gain, pros calculate their potential loss." -cOUSIN SHORTY

To: Jorj X Mckie who wrote (21762)	3/7/2000 1:41:00 AM
From: Patrick Slevin	Read Replies (2) \| Respond to of 63513

If a stock is trading purely on Fundamentals then at any given snapshot in Time it's fairly priced and one should not expect it to be higher or lower unless affected by news. Yet they trade at different prices every moment. Would not life be easy if all we needed to do is review the fundamentals each quarter. Actually that's another piece of the DWA philosophy I can't get my arms around; if I understand it correctly there is a sense that an issue has fundamental viability if there are recent Broker recos. Perhaps I misunderstand that. Of course it's neither here nor there for me anyway, I pretty much am a Buy/Hold type anyway. I read Buy/Sell Recos on the Broad Markets all the time. What I find interesting is the rising tide theory which of course DWA believes in as well. If a Market is moving up whether because of recos by people who can move broad markets or not, there is a tendency for the money to flow into stock with strong RS. This is a fundamental tenet of Program Trading, by the way. I imagine the Gorilla/King thread has something there when they look for Market Leaders. High RS stock tends to suffer less in declines as well. So there is a weave of sorts with Broker reco being a small part. But fundamentally it's impossible to define rules for new-line issues simply because the market has no track record to lean on.....no "looking at the past to determine the future" once again. Interesting, is it not? One should not look at the past from a technical standpoint but fundamentally it's virtually all there is. Well, enough of this. Back to the Futures threads for me, have a pleasant evening.