Forum Archive Index - September 1999

["Brent Wheeler" <brentw@bwcl.co.nz>]

Agree Stuart.  Also worth bearing in mind that, in general stocks fall in
price much quicker than they rise, ie once over the mountain top they can
plummet even tho' the ride to the top has been slow.  This does suggest
mechanical exit is a good idea.  One way to do this is, if you use m.a's to
get in (even if backed by fundamental and gut stuff) when it comes to exit
signals, close up the periods over which m.a's are calculated to make the
signal quicker reacting.  Using exponential m.a.'s may help too since they
weight more recent activity higher than older.  My last comment to Briens
dilemma may also help - essentially a money management approach.

Brent

Dr Brent Wheeler
Director
Brent Wheeler & Co. Limited
AUCKLAND


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