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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?


To: OldAIMGuy who wrote (12152)7/25/2000 6:43:36 PM
From: fuzzymath  Read Replies (2) | Respond to of 18929
 
Hi All. Today I tried something new: bottom fishing on my "FuzzyMath 15" list. I did an interesting study over the weekend that showed that stocks tend to overreact in the short term -- this study makes me think that you'd almost never want to buy a stock on a day when it's not down. Pick the stock you want to buy and wait for a dip in the stock, especially if it coincides with a potential market turnaround.

This is a kind of "mini-AIM", done at a very short-term level: buy something good, but time your buy when for no apparent good reason the market has priced the stock relatively low.

So, with the market ceasing its decline today, which sent several of my market models positive, I fished the bottom of the list of 15 good stocks I came up with over the weekend. I ended up buying IO and DV, laggards in the group.

We'll see what happens!

fuzzymath