Re: Buying 52-week highs?

["Lionel Issen" <lissen@xxxxxxxxxxxxxx>]

Yarroll:
You are 1/2 right. Darvas was losing money by following his brokers'
misadvise, this was in a bull market. It is important to be in a bull
market, but you also need some methodology to pick the right stocks to make
money.  My guess is that Darvas' method would have to be modified to work in
today's markets.

I have borrowed Taleb's book from the library. I'll certainly look at it.
Darvas' books are still floating around, some academic and metropolitan
libraries have copies.

Thanks for your comments and suggestion.
Lionel Issen
lissen@xxxxxxxxxxxxxx
----- Original Message -----
From: "Yarroll" <komin@xxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxxxxxxx>
Sent: Tuesday, June 05, 2001 8:32 AM
Subject: Re: Buying 52-week highs?


> > 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
>
>