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To: George Schulte who wrote (11084)	8/8/2003 11:21:17 AM
From: im a survivor	Respond to of 13815

<<but have to ask when do you ever know when things are on the cheap it seems like I wait and wait for certain stocks to come down and then jump in to only realize they are at the top of the slide any way good luck>> Hi george. Hope you have been well. You will NEVER buy a stock and know if it will go down further or not. Far as I know, nobody has a crystal ball. All one can do is PROPER TA/FA, as well as loooking at the bigger picture( world/economy and etc...). If you do proper DD, you will find stocks with good looking PE's, PS ratios and etc, etc....How much are revenues growing, as compared to previous qrts....what is the company doing specifically to drive it froward for the future....the charts are bery telling also, although not always correct. However they do show all the gaps and movement, as well as resistance levels and etc.....Bottom line, in this market you can not just throw a dart and buy any stock. Proper and thorough DD is a MUST. But, you still never know if you buy, whether it will go up or down, but if your not in it for the short term and are looking longer term, that shouldn't matter. What should matter, is that on paper, all numbers look good. Charts look good. FA/TA all looks good. And George, this takes time to do properly. You should not listen to ANALysts, or even your personal broker if you have one. They are not in this for YOUR best interests. YOU ARE. Therefor you need to take the time to look very closely at EVERYTHING for any stock you are interested in and buy when you feel everything looks good for a buy. It may still go down, but if you did good thorough dd, and you are in it for the long haul, you shouldn't worry if you bought quality, with good looking TA/FA. If quality with good looking numbers falls apart over the next ten years, then everything will fall apart, and it wont matter what stocks you are in if we have a complete economic collapse. If your in and out and only doing short term trading, then you can throw out alot of that FA/TA and simply rely mostly on the CHARTS and of course the MO MO of that particular stock and the market in general, to see what direction the stock is going and approximate lows and highs for a quick trade. In any event, you must be smart, nimble, prudent and ready to act, to survive in this market, and most of all you must have a PLAN. Know your goals, limit your losses and dont be greedy. Most of all though, dont listen to advice you get on stock message boards <ggg>......Use it as part of your DD, but never soley rely on it. Lots of good people on SI, but still some with personal agendas, and I wouldnt be caught dead on the message boards at yahoo and other such places. Good luck PS...also, wipe the slate clean. Some old fliers will fly again, but many will not. Dont buy something simply because it used to be $200 a share and is now $2 a share. Forget yesterday, and look at tomorrow.