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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (47835)	10/12/2001 5:14:45 PM
From: paul_philp	Read Replies (1) \| Respond to of 54805

UF, people who have come to the conclusion that they can trade their way through the maze of moods of Mr. Market. I have to say that after reading several good books on technical analysis I have formulated only 1 new principle I would add to my LTBH (intended) philosophy: - never buy a stock undergoing what Wienstein calls a stage 4 decline (ie. don't try to catch a falling knife). I will wait out the decline and not buy until I see a proper base and a breakthrough. I also think that investors should take inverted yield curves very seriosly. The only sell signal I have developed that makes sense to me is declining ROIC. However, I don't the timeframe to apply this metric - one quarter, two quarters, a year? Not much to add to the general philosophy but the first one saved me a ton of money over the last year. I will never again believe that anytime is a good time to buy a gorilla stock. Paul