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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Richard Estes who wrote (12622)	1/3/1998 4:43:00 AM
From: kas1	Respond to of 94695

>if you picked only stocks that >go up and held them for 53 years, you would >have a big profit. if i could pick only stocks that go up (or only stocks that go down), by next week i'd be the richest person in the world. yet no stock -- and no portfolio -- is monotonic. i don't believe that finding a monotonic stock is a realistic goal. predicting a net difference in price between two time points is, however, imho realistic. my strategy is to capitalize on the times when my predictions significantly differ from those espoused by the markets. >. I really don't think this should be justification to sit >thru 40-60% pullbacks the problem is, once you recognize a pullback as serious, you can't exit the stock without taking a loss. doing stop-loss exits repeatedly is the fastest way to get poor quick (gpq). on the other hand, i think it's valuable to pick one's battles, and not be quixotic -- or just plain delusional -- about holding on to something that is going down and down and down. >having to find the hi-cap to allow them to trade. The media >and brokers push them because they have got to sell >them to someone. yup. the name of the game is getting on the boat at the same time as the funds, then unloading to the little guy at the same time they do.