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In the How I Made 2,000,000 book, he had a sweetheart deal on one stock
where he got it under market value, and was allowed to use something like
double or triple the margin that the exchanges allowed at that time.
He also latched on to a tremendous short squeeze on a low float illiquid
stock, again he had a huge amount of his capital on this unique situation.
Without these 2 extraordinary situations, he never would have made the 2
mil.
Gary
-----Original Message-----
From: Lionel Issen [mailto:lissen@xxxxxxxxxxxxxx]
Sent: Saturday, June 02, 2001 7:01 PM
To: metastock@xxxxxxxxxxxxx
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
----- 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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