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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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