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Strategies & Market Trends : Charts With An Attitude; Trading In & Out -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (3864)	11/20/1997 12:21:00 AM
From: David M.	Read Replies (2) \| Respond to of 4701

HMMMM You guys are up to late to be discussing this arent you.<G> David M. Martini Anyone?

To: Sergio H who wrote (3864)	11/20/1997 12:36:00 AM
From: Dave H	Read Replies (2) \| Respond to of 4701

Ok Sergio, didn;t mean to make an argument out of this, just wanted to spur on discussion and an attempt to evaluate these results. Dave, I thought that I answered you quite succintly in my first response. You are measuring the DOW against our POWs regardless of the date that they were picked, before or after your chosen date and regardless of the price targets for these stocks. 1) I agreed to drop the POWs picked after 10/24/97, which are, as I recall, RLLY, DIGL, & VCR. 2) Yes, it doesn't matter when they were picked as long as it was before 10/24/97 3) Price targets all had a short term, intermediate term, and long term. To the best of my knowledge, no intermediate term target had yet been reached. Thus, if you held a POW there were no signals to sell that POW on 10/24/97. I don't see the relevance of your efforts. For example, if I were to tell you that ONPT is the POW for next week, what relevance would that have as to it's performance compared to the DOW since 10/24 ? 1) as i said before, I wouldn't backtrack ONPT. 2) INMO, the relevence of my efforts is as follows -- many of us here have at least ONE POW, some of us more than one. The market, from 10/24/97 - 11/19/97 went through a large correction and reversal to finally end up exactly in the same place. My question simply is what happened to the POWs? If we can get past the fact that I'm NOT challenging their validity or reasons to have them, or their immense profits up to this point, if we can agree that this is not what I am writing about at ALL, then please, just see that my point is simple: Question: Why did the POW stocks as a whole perform so poorly during this significant correction and rebound? Questions: Is this a divergent situation that forebodes weakness to come in the general market? Question: Which POWs show the most strength right now, the highet flyers or the most beaten down? My point in bringing this up is to discuss the implications of the HARD NUMBERS presented before us. CADE lost 12% of it's value when the Dow dropped 8% and followed through with a complete recovery. On the other hand, RECY gained 12% -- doesn;t this provide yet another confirmation of the strength of RECY? While the general market tanks, RECY overall gains 12%! At any rate, just wanted to start some discussions, that's all, and share the raw data of the past few weeks. -dave