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Tell this person to buy stocks that are going up.
Sounds simple but there are ones out there that are doing that. All you do
is look for higher highs and higher lows. If they are doing the opposite,
don't buy them or get rid of them if you own them. Use a set stop loss point
7-10% on all positions?
Examples, have them look at a weekly chart of GLW, LVLT or YHOO. Now have
them look at TCB and UNH all starting from 2000. A few pictures are worth a
thousand words. Bottom line he/she can do their own technical analysis?
Also have them read "Zen in the Markets" by Ed Toppel he can get it at
www.traderspress.com about $20 or less 100 pages, big print (about an
airplne flight from Minneapolis to S.F to read). They will understand after
reading it, that if he/she does not understand their ego, it will lead them
to do the exact opposite of what they should be doing. I highly recommend it
and don't just read it, practice it.
It changed the way I invest and that change has been a significantly
positive one. "To find oneself, you must lose your self first"
don ewers
FYI- No affiliation to the author or Traders Press.
----- Original Message -----
From: "John Clemens" <jbclem@xxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Thursday, October 04, 2001 7:32 PM
Subject: Stock picking web sites, gurus, witches?
> I have a neighbor who placed a pile of money with a M.Lynch broker who, in
> March 2000, put all the money into technology and internet stocks, and has
> kept him on a buy and hold strategy since that time. With his portfolio
> down 80% he's starting to ask about alternate investing strategies and I'd
> like to suggest some good stock picking web sites, or reports. Years ago
I
> used to subscribe to some very good reports but I've lost track of them
and
> I'm sure that now there are plenty on the internet. Well, plenty of stock
> picking sites, and hopefully, a few good ones.
>
> If anyone would like to share experiences and recommendations I'd be
pleased
> to pass the information on to my neighbor, who does not have the time to
get
> involved, as we all are, in technical analysis.
>
> John
>
>
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