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At 7:30 AM -0700 10/4/99, Alexander Levitin wrote:
>Take a look at the monthly charts of a good stock (companies that
>have real product, real market share, real earnings). They advance
>for many many years. Just imagine that you "ride" a portion of this
>advance, then sold it when the company or industry are in a
>"fundamental" decline. Those stocks do not double in price, the
>minimum I have notice was 6 times increase, ten to twenty times
>increase in price is more typical.
It is easy to locate the "good stocks" after they have increased six-fold.
But it is well known that almost all professional stock pickers do
more poorly than the market averages so it cannot be all that easy to
find which stocks will be the good ones before the fact.
Bob Fulks
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