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Gary:
But he had already made a million. Did he have any sweetheart deals during
that period?
Lionel Issen
lissen@xxxxxxxxxxxxxx
----- Original Message -----
From: "gary" <gary@xxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, June 05, 2001 1:09 PM
Subject: RE: Buying 52-week highs?
>
> 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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