To: risk-averse who wrote (16945 ) 7/3/1998 9:59:00 AM From: ANALYST10 Read Replies (3) | Respond to of 50264
FUNDAMENTALS ARE FUNDAMENTALS Dow, Nasdaq, CAC, Hang Seng, Nikkei, it doesn't matter. A company is a company is a company. Like I have said before, read Willaim O'Neil's book "How to Make Money in Stocks" probably the best book that was ever written on the subject. His philosophies hold true today as when it was first printed, then reprinted and reprinted. Those standards are used by every money manager, I don't care who they are. When someone says this is the world of BB's, wrong, they are still companies. They still have to perform. If you are trying to trade out of one then I could understand, but when people say they are holders and defending these kind of companies then that's where I draw the line. Which is not a bad example. I did some research of all of these stocks that are "promoted" by questionable promoters. They all have the same pattern, they have a quick rise and then they collapse some immediately and some overtime. I know everyone hates me to use this reference but Stock Detective has an article on promoters and in the article they have a list of all the promoters and what is legal and illegal about their disclosures. I did an experiment. I took the list and made my own list of the promoters web sites. I then took a list of their "stock of the months" or their recommended stocks. Over 98% of them had the same pattern a run up (some big, some small) then a collapse, some prolonged some quick. Out of the stocks they have promoted 99% are down from their initial recommendations. Look at Liberty capital, they quote their results from the time they recommended to the high point (which is a useless tool) they haven't shown you where these wonderful stocks are today. Answer go look. A good trading strategy. Forget about the companies or any fundamentals, buy the stocks the day the promoters release them. When it starts to run, sell a portion of your position that returns your intial investment and the play with the profits, to secure a positive return. There ain't no rocket science to that one or any fundamental basis for it other than the fact, that it seems to work. But once they have had their run get the hell out of the way, because it has nothing to do with the company. Check it out yourself. When 90+% of the promoted stocks are down in the greatest bull run in history that should tell you about who these people are. So DGIV has run from $.15 to $8.00 and people are still in after it has run and retreated, statistically, well I'll leave that to you.