mewzaq
2 posts
msg #35368
- Ignore mewzaq |
3/15/2005 11:53:19 PM
If you are familiar with Stan Weinstein's book titled: Secret's for Profitting in Bull & Bear Markets then you'll want to check out the Office Depot chart. After a good basing pattern it's entered 'stage 2' over the last couple of days and it's been making historical highs on almost 6 times average volume with institutional buying. ODP has a new CEO and it's fundamentals are also improving. I own some ODP call options which are very cheap right now. Another essential book to read is 'Reminiscences of a Stock Operator' about the story of Jesse Livermore.
MCS
|
mewzaq
2 posts
msg #35371
- Ignore mewzaq |
3/16/2005 1:39:22 AM
This is a correction to my previous post. ODP had a high of $24.71 in 1998 so it is a few dollars short of making an historical high. Because the 1998 high is such old supply (there may be a few bagholders left who haven't yet given up hope!) there shoudn't be too much (if any) resistance in passing through it. If anyone else has screened any 'Weinstein' stocks please post them.
MCS
|
poindexter
21 posts
msg #35523
- Ignore poindexter |
4/4/2005 7:57:53 AM
Great books. I recommend them to all traders.
Do you have a filter based on Weinstein's system?
Thanks
Poindexter
|
rsarno
103 posts
msg #35527
- Ignore rsarno |
4/4/2005 4:58:20 PM
"Do you have a filter based on Weinstein's system?"
if im not mistaken there was one posted on the forums, do a search for it. i might be wrong though.
|
poindexter
21 posts
msg #35531
- Ignore poindexter |
4/5/2005 1:38:57 AM
Thanks for your reply.
|