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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: DanZ who wrote (43288)	9/1/2002 12:05:23 AM
From: Joe Stocks	Respond to of 53068

>>Joe. Stick to talking about stocks instead of people, or take a hike.<< Dan, I reread my reply to your post and for the life of me I can not see how it could be considered a personal attack. Message 17935819 You were discussing a strategy for buying a certain group of stocks and I said that I thought your strategy was flawed. Mainly it looked like it was a two steps back, one step forward approach. In my book that seldom works. I can't think of any study or professional trader that I have read that would profess to a system of adding to a losing trade and selling into the rallies in a bear market. Bear markets usually are evidenced by lower lows and lower highs. Look at this chart on the sox. stockcharts.com This is not a chart of a healthy industry. I also don't see any signs of strength. Many have been calling bottoms for over a year. What is there about this one that says it won't fail like all the others? Your argument in your support of a long strategy with technicals or fundamentals would be appreciated. Joe