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You have commonly said that it is unwise to invest in recoveries and I agree with that....these are much harder investments than riding momentum.

I don't invest in turn-arounds, very difficult. I invest in fallen prices, not the same thing! In ARM I invested in a 60% one day drop.

And NOT falling knives either.

It's not TA proper. Stocks go up and down, you try to catch the rhythm. If you do, you trade in and out, if not you hold or wait because these are trusted businesses. GTC limit orders are very useful for this.

Denny Schlesinger
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