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To: The Perfect Hedge who wrote (4580)12/6/1997 6:38:00 PM
From: drsvelte  Read Replies (1) | Respond to of 95453
 
GD:

Good to see your posts again! I don't believe I saw any on Friday and thought after Thursday's EVI carnage, you may have jumped into the ship canal.

News for you. trapper95 -- a knowledgeable poster on the FOOL thread on AOL who has had no love for EVI -- sez he is buying!! Good luck!

Laissez le bon temps roulet!

drsvelte



To: The Perfect Hedge who wrote (4580)12/6/1997 8:06:00 PM
From: Jeffrey Beckman  Respond to of 95453
 
As far as them ever being right, VectorVest's top picks will usually go up for a while. They've had Walgreen's, CrackerBarrel, Home Depot and the like lately which have been doing well. Before that they had General Bearing on top for a large gain, although it has since plummetted. I think it was prominent from 12 to 25 under Buy, then put on Hold at 21 and Sell around 17-18, bottoming at 14, now 16. Their timing indicator isn't that good, although the Value component of their VST index could probably be useful, with other due dilly. They still give the drillers very high value ratings, many 60-80% over their price.

Second Opinion will be right for part of cycles, but seems to miss the tops and bottoms a lot. They don't have any measure of fundamentals.

Another one, Telechart 2000's, Balance of Power (BOP), indicator is supposed to measure accumulation/distribution. There have been times when BOP readings have proven useful, although most charts don't really help. In a very general sense, there seemed to be improvement last week, but who could miss it anyway (g). The stocks that had green bars (accumulation) mostly still had them, and the many stocks with tall red bars (distribution) became either smaller red bars or yellow bars (neutral). When the herd moves, stocks with green bars or red bars all move the same, so making much of these individual readings may be misleading.

Enough of this (g). GO VOLS!

Jeff