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Author: 1953hogan Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 18386  
Subject: Re: Stategy? There is no Strategy here? Date: 9/15/2000 11:05 PM
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Just because an investor says his philosophy is LTBH doesn't mean he has to hold a stock until it goes past the point of no return. Even LTBH investors can recognize when an investment has turned sour.

You were critical of the Rule Maker strategy because it didn't predict Gap's price decline several months ago. Maybe so, but if there is ANY strategy out there that can reliably do this, please enlighten us and post it here so we can learn.

You wrote: Frankly, sir, I fail to see any method at all.


I submit that the Rule Maker strategy is not really designed to predict when a stock might take a drop in price. What the strategy IS designed to do, however, is to select winning companies in the first place, based on a set of established criteria. From that standpoint, the RM strategy does provide a METHOD of selecting stocks. Some, like Gap, may not have panned out. But most have, so by and large the RULE MAKER METHOD has worked to date.

Once the stocks are picked and bought, now that's another story. If you've followed the discussion on this board for any length of time then of course you know that there has been considerable debate about the proper method to add to existing positions and the proper method or criteria to determine when to sell.

But, as far as determining which stocks to buy in the first place? Yes, sir, the Rule Maker is in fact a METHOD. One that in my opinion works as well as any other.

hogan
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