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Back in the 1950s and '60s Darvas made $2 megs (this would be about $20 megs
in today's $s) mostly on the AMEX. He wrote 2 books on it, a 3rd "Wall
Street The Other Las Vegas" and I think a 4th book.
His method was fairly simple, buy if the stock doubles in price within 6
months and is above its all time high (he later modified this to above its
high for the past 4 or 5 years). He also used stops.
If anyone is using his method successfully, they seem to be very quiet about
it.
Lionel Issen
lissen@xxxxxxxxxxxxxx
----- Original Message -----
From: "Brian Gaddis" <bngaddis@xxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Saturday, June 02, 2001 11:16 AM
Subject: Buying 52-week highs?
> Interested in opinions on buying stocks at 52-week highs.
> Some writings encourage this kind of "buy strength"
> strategy. What do you think of this philosophy?
>
> If you agree that it is profitable, what do you look
> for when you open a chart of a stock trading at its
> 52-week high?
>
> What kinds of indicators, patterns, etc. do you
> use for confirmation that the trend really has legs
> and is likely to continue? Exit strategies?
>
>
> Thanks,
> Brian
>
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