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> From: "Lionel Issen" <lissen@xxxxxxxxxxxxxx>
> Subject: Re: Buying 52-week highs?
>
> 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
May I suggest that making 2 megs in these circumstances had more to do with the then bull market (stocks have been going up anyway)
than with sanity or insanity of Darvas method?
Please see Nassim Taleb's book.
All the best,
Yarroll
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