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

To: Ed Middleton who wrote (669)	3/10/1998 2:43:00 AM
From: Ralph Garcia	Respond to of 789

Ed, I've printed our list of differences. I'll check on these and get back to you. Thanks, Ralph I'll try to E-mail you directly.

To: Ed Middleton who wrote (669)	3/10/1998 12:05:00 PM
From: Ralph Garcia	Read Replies (1) \| Respond to of 789

Ed, Since I use IBD as my only data source for prices and R/S I don't sell until the Monday edition is delivered. This means I will miss stocks that hit price stops like MLI. I sold that position on 1/12/98 with a loss of 12.51% with an R/S of 77. You were able to exit as the manual describes on the 6th. The same is true for XPED which was sold in my test on the 1/19/98 @ 26.75, R/S 82, dn from 91 with a point loss of $4.18 or a % loss of 13.52%. I don't have 1/20/98 price close for XPED since IBD was not delivered. XEL was sold on 1/26/98 @ 32.8125 for a loss of an 1/8th on an R/S stop of 74, dn from a high of 83. I don't have the date of the new R/S high. I know it was selected at 77 R/S. You get the idea. I also neglected to scan for OTC selections in Monday's IBD 3/9/98, which is why I only listed KDN as a sell. I was very disappointed to see CBRL on your list and you are correct it hit an R/S stop. I would say you're accounting is more accurate as I am not willing to check for sell stops on a daily basis. I would hope that over time it would not matter-we'll see. My subscription ends in April I have not seen the short study itself just read comments regarding its effectiveness. I think Jeff is correct in saying that the system cannot be used without knowing which way the market trend is heading. In general I agree with others that the system does not perform as advertised but it can be used as a filter. We just need more research on the positions PB selects. Are you able to easily post your results on this board? Ralph

To: Ed Middleton who wrote (669)	3/10/1998 1:39:00 PM
From: conrad grant	Read Replies (2) \| Respond to of 789

Ed, some comments: sold MLI on Jan. 6 due to a sell stop - even money today sold XPED on Jan. 14 due to a sell stop - sold at very bottom sell XEL until Feb. 2 on a RS stop - sold @ only 3.6% drop, stk dropped ttl of 6% before bottom sold CNK on Feb. 9 on a RS stop - sold AVY on Feb. 24 on a sell stop - sold almost a bottom sold CTAS on Feb. 9 on a RS stop - sold @5.6% from high: stk ~+15% now The first HIB stock was sold on Feb. 23 on RS stop- sold @very bottom Both CBRL stocks were sold on Mar. 9 on RS stops - I bought this next day! ====================================== I have owned some of these stks above, but it seems I buy them just about the time the system says to sell! I wait for a 7-10% drop depending on volatility, THEN buy. I haven't been stopped out this year (yet), when I follow this strategy. Also, when stk makes a new high, my finger starts getting itchy on the sell trigger. Bought PVN and COF twice on dips so far. I didn't follow this discipline on two;APW and NFB. Both good stks but I bought at new highs and was promptly stopped right out....THEN the stks recovered. Never again. Just my adaptation (actually I heard it first from Jeff last year). conrad