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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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