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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: majormember who wrote (8058)11/20/1997 10:18:00 PM
From: raymond marcotte  Respond to of 79449
 
skane, i owe you and all those who mine these low priced stocks for the microsoft of tomorrow, an apology.

i did not intend to flame anyone. there is a newsletter out here touting just the kind of stocks you seem to prefer. this outfit, fss, is notorious for keeping hope eternally alive for stocks that should have become forgotten long ago.

it does pain me to see the level of effort for these dowager stocks. they are intrinsically much riskier because most have never turned a profit. my preference is to look amongst companies that have a track record but are currently out of fashion. dell computer is such a stock. computer associates and oracle also once traded under $8 and have sored and split several times since.

of course, market panics like 10/27 produce several over reactions and amazing trading opportunities. of course one must have done a lot of homework to understand the underlying industry, and which members offer unusual risk/reward opportunities.

no doubt we are both doing the same thing with essentially similar methods. we just swim in different pools. my personal bias is that yours is a much more difficult one to swim in. i admit to being lazier and more risk adverse.

please accept my apologies.

ray