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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (19645)10/21/2003 2:06:14 PM
From: stockalot  Respond to of 42834
 
Ah yes the old "proprietary system". Where have I heard that before? :)

Brinker had one of those great systems for predicting movement in the QQQs once upon a time. I'm guessing that the guy that posted on your site as Bernardo was correct in claiming that nearly all outperformance even if verifiable will revert to the mean through a long period of underperforming the indexes. I remember a guy with an odd name Teiko Heikema or something that who had a wonderful technique he bragged on for a few years while his American Heritage Fund vastly outperformed. Then of course it crashed badly.

Usually it is a case if it could be done, it wouldn't be for sale. But just as Brinker might just have been the chosen one to have an outperforming system, why not make it two and include yourself? :)



To: Kirk © who wrote (19645)10/21/2003 6:59:43 PM
From: Tim Bagwell  Read Replies (1) | Respond to of 42834
 
Kirk, if you've learned any trading tricks that you don't mind sharing it would be fun to kick those ideas around.

Stocks like UTEK can be especially good on a slow market day. By placing a low ball limit order on a narrowly traded stock you can actually watch the price come down to your level and sit just above your price. You know then that the floor specialist is trying to draw you in. It's a signal that you have a bit of line to work with.

If he goes for it you know the stock is soft and you get your shares. But if he doesn't go for it you know there is potentially some strength there and you've lost nothing. So you ladder in some market orders as the price works its way up and try to draw in other buyers. This is Livermore style trading.

If you know you're working with a solid company that happens to be a small-cap, low volume stock it should not be that risky to play around.