To: Zeev Hed who wrote (549 ) 5/23/1998 8:28:00 AM From: TATRADER Read Replies (1) | Respond to of 59879
Hello Zeev, I needed a place where I could escape and look at legitimate gizzard picks without being persecuted....So many threads don't want these future gemstones littered in their midst.....Or the thread contains just hyping of an under 1.00 pump and dump variety...I recently posted my False Prophet work on the MDIX thread....I am just tired of good hardworking people trusting some alledged expert who leads them down the road to destruction....One thing I should change on the dissertation is that a False prophet is usually found on one thread or a group of threads that follow the same types of stocks...(example, desert dirts) That would make me one, since I just hang around here now....The focus should be on one stock or a group of stocks in same sector...On threads like these, we cover many different stocks...So I guess I am ok....If you get a chance, take a look at ECHO at 1.93....Below are a few of the principles that I have learned from Rabbi Zeev, who will always be my role model and mentor... 1. When a stock goes up on tremendous volume, and then corrects downward on light volume, a spring effect usually takes place and the stock moves again upward.. 2. Keep your eyes on the 3rd Friday of each month. Learn the option strike prices for your stocks. The option writers love to have the price around the strike price on the 3rd Friday if possible. 3. MM's like to paint the tape with 100-200 share purchases to flavor the stock in the direction they would like to see the stock go 4. When a stock goes up on a parabolic blowoff-tremendous volume, it is usually time to take some profits off the table...Especially if it closes below its open that day or the next day... 5.When a stock goes up on low volume compared to its normal volume, it smacks of distribution. 6.When the 50 day moving average flattens after it had been rising, it is an indication of loss of momentum. 7.A short squeeze usually takes place in the final stages of a stock ascent. 8.The fundamental reasons for a stock move rarely become apparent before the technical evidences are on the table. 9.In the life a of a good stock, you must have at least one good 50% pullback.(more the better the stock) I have about 50 of these principles, that I have committed to memory...Again thanks for all your help..... Regards, Mark