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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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