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To: c.hinton who wrote (93839)	8/16/2001 6:35:33 AM
From: Frank Pembleton	Respond to of 95453

Chintin, it seems to me there are certain stocks that have the advantage of a beautiful chart, tons of volume and a tight bid/ask. I'm not experienced enough in TA to explain why the party happens on a particular on a stock, but I do know sectors move in unison. Just do you homework on the company fundamentals, the party will be held (I like MDG) in your neighborhood and you won't be whipsawed. Regards Frank P.

To: c.hinton who wrote (93839)	8/16/2001 9:18:34 AM
From: isopatch	Read Replies (2) \| Respond to of 95453

Chinton. In every sector, some stocks will emerge as leaders. Others are average performers and some are laggards. Although some folks like to buy laggards erronous thinking they're better values (this is the single most common pitfall I see with misapplication of FA and quantitative work sometimes used in spreadsheets), my experience is that owning at least one or two leaders will really improve your net portfolio returns over time. Of course, leaders are notoriously hard to buy. But sometimes you just have to be aggressive and pay the extra fraction if you want to run with the smart money. Counter-intuitive? Absolutely. But as you get the years under your belt, you'll discover more and more hidden applications of contrary thinking like that little gem.<G> But, it's not always easy to tell which ones till after the Bull Market is underway. One way to adjust your portfolio is to sell the underperformers after we've had a good rally and hold the cash into the consolidation which follow to redeploy in a leader. Not easy for the average investor to do. Leaders are the last to dip during a consolidation, so it's easy to make a sloppy entry unless you really have a good feel for it's trading patterns. But as, one of my fav market strategists at my old firm put so well, "The GOOD ones are always hard to buy." Gotta run, Isopatch