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Charles and RTs:
I too read Warren's book (which I got from a friend.) It is basically a
semi-intuitive approach to Edwards and Magee style investing. He picks
stocks with long consolidations and low volatility and stays away from
anything risky and the short time frame. Then he clears his positions when
the stock distributes. It actually makes a lot of sense for the longer time
frame. However, $195 to Ken Roberts is a scam.. I'm sure that whatever he
includes with it is... not worthwhile (put politely.) If you just read Ed &
Magee, Reminiscences of a Stock Operator, the Ted Warren and maybe a
point-and-figure text, you would be better informed than 90% of personal
investors out there.
PG
>Bruce and all; better yet study the methods of Ted Warren. His story has
>got to be one of the most interesting and fascinating I have heard about.
>Are
>any of you other oldtimers familiar with that name and the history of his
>market exploits? I remember reading his books in the 70's. Here was this
>guy who traveled the country (world) with his wife in an RV. He was kind
>of
>like Nicholas Darvas; placing orders from wherever he happened to be
>travel-
>ing. Started an advisory service during that decade; I can remember sub-
>scribing to it for a short while. This guy claims to have made a TON of
>money
>spending a few minutes a day pouring over the Stephens chart book with a
>pencil and a ruler. Also claims his books were banned because the insiders
>didn't want too many people following his methods. I was shocked and
>dismayed
>(sick to my stomach?) when I got a flyer in the mail from Ken Roberts
>saying that
>he is now offering a course based on the Warren method for $195 along with
>pub-
>lishing the 'Investolator'. Mr Warren's widow is still alive and he also
>has a
>daughter that I believe helped him with the newsletter if I recall
>correctly. Now,
>you guys want to KISS--make the MOST MONEY by doing the LEAST--here it
>is!!! I would
>love to get to the bottom of his exploits. Wonder if he really made all
>the money
>he claims?
>
>Charles.
>
>ps: Mr. Warren passed away a few years ago. Roberts stated that many
>offered
>to buy the rights to his work but he was the only person she felt
>comfortable with.
>
>
>
>
>
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