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Strategies & Market Trends : Pitbull Investing Strategies -- Ignore unavailable to you. Want to Upgrade?

To: conrad grant who wrote (552)12/12/1997 5:53:00 PM
From: Doo  Read Replies (1) | Respond to of 789
 
conrad: First, it's not a Pitbull. Check every criterion and I think you'll see why. Second, if you're going to cheat (which I like to do), you should throw out the Monday market order routine. Try to catch the stock when the volume dries up and the price settles after the breakout. Then, buy it, and set a Pitbull stop which will now have a much greater likelihood of holding at the same amount of risk. Sometimes, you'll be able to avoid the PB's recommended risk on trades like that.

BTW, the "M" gave no Chapter 7 indication of the carnage which has befallen the market. I got hurt pretty badly, myself.

Jeff



To: conrad grant who wrote (552)12/13/1997 7:14:00 AM
From: Doo  Read Replies (1) | Respond to of 789
 
conrad: Double check me, but I think I misread the volume on the day of your MDC new high. Bigcharts showed me around 30k the first time I looked, but now I show 250k or so. IBD shows around 60k. On reflection it looks really good to me. Great group strength. However, it has had a run fro a "base" at 11. My buy point would be a GTC order at around 11 1/2.

Jeff


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