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Having noticed that KEG was at 7.50 sept 96. Mary at 15. LSS at 12.50. NBR
at 15. I suppose they should have stayed low.
Price has nothing to do with goodness or badness; Float makes a greater
difference. Keep Float under 30M. I wouldn't have minded getting KEG at 7.50
for 4 X move rather than .33 move by buying at $25. We all have different
mindsets, some pay off. Some restrict our trading. There are many that would
not hold through the august 18% correction or the recent 13% one .
Richard Estes
-----Original Message-----
From: Arthur Rivet <55crownvictoria@xxxxxxxxxxxxxxxx>
To: metastock-list@xxxxxxxxxxxxx <metastock-list@xxxxxxxxxxxxx>
Date: Thursday, October 09, 1997 7:08 PM
Subject: Trading
Leo
In reguards to trading, I have been trading for about 10 years or so. I
have
tried many different systems,indicators,explorations,Telescan
prosearches,
ect. I have more than my share of bad trades and good trades. I have
made
alot of money over the years yet carry alot of scars too. This for me
seems
to work best....Telescan prosearch to discover the BEST sectors, then a
prosearch to find the BEST stocks in those sectors, those stocks MUST be
over $25.00, and they MUST be at new highs. ... period.....On 8/29/97 I
bought, KEG, LSS, NBR, FLN, and on 9/15 I bought MARY... They are all up
between 10-45% in 5 weeks. I use metastock to let me know when they
technicals are getting bad as a sign to get rid of them., buy I really
dont
rely on metastock for buy signals. Im not saying that this is THE way to
trade, but this has worked for me. There is an old saying, YOU GET WHAT
YOU
PAY FOR. Cheap stocks, or stocks that are droping in price, are cheap,
are
droping, for a reason
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