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No, it's apparently a well-kept secret, like the "recipe/formula" for Coke etc.
Lionel Issen wrote:
> Has the basics of the Value line methodology ever been published and if so,
> where?
> Lionel Issen
> lissen@xxxxxxxxx
> ----- Original Message -----
> From: Dirk de Vos <djdevos@xxxxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Friday, June 16, 2000 10:33 AM
> Subject: Re: 6-12 Buy Update - ValueLine
>
> > Guy and others. I don't use ValueLine, but it is regarded very highly.
> Believe
> > it or
> > not one of the "kings" of the random markets theory (Malkiel, A Random
> Walk
> > Down Wall Street), who does not believe in TA (thinks it's all
> > luck/coincidence), says
> > ValueLine is one of his only exceptions. Says ValueLine has consistently
> > exceeded
> > random performance in the market for a long time. Mind you, ValueLine is
> > probably
> > mainly fundamentals based, but it gives an edge, esp if you use technicals
> on it
> >
> > like Guy..
> >
> > Guy Tann wrote:
> >
> > > List,
> > >
> > > Well, here's my latest update on our 6/12/00 buy signal. It's
> alternating
> > > between our SP39 selection process and the original ValueLine 1-1 picks.
> As
> > > you can see, MY selections are still in last place and I'm hearing about
> it
> > > from various members of the family (in good humor). Actually, my
> brother
> > > knows that when trying something new, not everything works the way you
> would
> > > want it to work, and like me, never throws stones. We both know that
> the
> > > next foul-up will belong to the other. :)
> > >
> > > It still looks like ValueLine is an excellent place to start in terms of
> the
> > > initial selection process. And, no we don't get any referral fee from
> > > ValueLine. :) I'm sure they don't know of our existance. After 3 days,
> our
> > > SP39 has taken a slight lead and my brilliant idea is still in last
> place.
> > > My recommendation would be to try your ideas and don't be afraid. Worse
> > > case is you'll lose a few bucks. Best case, you'll discover a new
> trading
> > > technique for yourself. I would like to emphasize paper trading before
> > > risking your own money. We didn't do that here, unfortunately, but
> since
> > > our selection process in scaling down the ValueLine list has always been
> > > "seat of pants" for the past six months or so, and we were sticking with
> > > ValueLine's recommendations, we felt our risk would be small, as long as
> our
> > > buy signal is correct. If, on the other hand, the signal is wrong, we'd
> > > lose money anyway.
> > >
> > > PERCENT RETURN ON 6-12 BUY SIGNAL
> > > NUMBER 6/13/00 6/14/00 6/15/00
> > > OF STOCKS
> > > ValueLine Picks 35 4.91% 1.95% 3.06%
> > > SP39 Selection 11 3.64% 1.78% 3.48%
> > > Actual Trades 15 3.61% 0.01% 1.30%
> > >
> > > Anyway, I'm just passing on our thought process in selecting our stock
> > > portfolio for our buy signals. We're working on developing something
> for
> > > our sales as well.
> > >
> > > Guy
> > >
> > > Paranoia...you only have to be right once to make it all worthwhile!
> >
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