Hello. I just wanted to let you know that this forum is undergoing some radical change and that most of the attendees have left.
I'm the creator and moderator and I'm trying to reconceptualize it a little bit. I would encourage you to stick around and participate, though I'm not done the "remodelling" yet so it might be a bit disconcerting.
I don't have a list of good buys per se, but that's one of the things I'd like to see participants create in this new edition of my Ted Warren stock forum.
Another element I'd like to see is a "Who's Who" so that when new people discover the forum, we get properly introduced. This doesn't mean you have to reveal who you are in a general sense, but rather who you are with respect to your TW experience. Have you read the book, for instance? Do you currently own a copy? Which stocks do you currently have that were selected using the TW method? If you have a webpage of one sort or another, that would be of interest too. In other words, anything that gets us to understand you with regard to TW.
How did you find this forum?
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I purchased a copy of Ted's book in early 1987, before he died, which for what it's worth, was autographed. The stock I presently like is Crown Cork & Seal (CCK). Although it's already tripled since late 2001, the lenghty base, ad success of a "sister" stock, namely Ball Corp (BLL), would suggest it's going much higher (but perhaps take 5 years to run its course).
In reading many posts, many of the tickeers pertained to what I would term penny stocks. Being a former broker, I never did encounter anyone who made serious or consistent money from bulletin board or penny stocks.
I only trade in NYSE stocks (one specialist rather than numerous market makers).
Gary Montgomery
efficiency@msn.com
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Rick (Login tedwarren) Forum Owner 209.240.222.132
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April 27 2002, 9:13 AM
Thanks for your self introduction. As you can see, there are few visitors here yet due to a recent protocol change I made. I expect more attendance in the future.
I've learned that despite the common frame of reference we all use, we're going to interpret TW in a way that is individualized. I tend to over simplify the TW analysis. I'm going to comment on your picks, for the other visitors, using TW the way I like-- with all due respect for your own analysis.
BLL: A TW trader would have been in at 30 in 1999 and would have had to have hung on through the shake out that lasted another 2 years. I like to double my money in 1-3 years and get out, using TW views, so I would expect BLL to rise still further, though it's too late to get in now.
CCK: I don't generally like using a long decline as a substitute for a long base. In this case, to say that the price of CCK has tripled is fairly useless to the TW trader because a TW sensitive person would not even have gotten in CCK quite yet. It's not clear where CCK is headed. CCK is not one of the easiest TW patterns to analyse and there are many others that are-- I'll have to look at CCK further.
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Hi, Rick!
I'm a middle aged guy who always had someone else handle my investments because I was absolutely naiive about the stock market. But when I retired I wanted to learn how to make money in the market by myself -- without a broker. I knew it was easy because I had heard only success stories. After some losses I knew that I had to do a great deal of studying and learning.
It's been over two years and I've read many books on the market; one of the first was Ted Warren's. And I still believe it's one of the best. Many of the authors had strategies that will tend to work in certain markets [under certain conditions]. I believe Ted's works under all conditions. I joined a couple of investment groups that shared investment strategy ideas. However, they concentrate on Wm O'Neil's ideas, and I've found that I don't particularly feel comfortable with O'Neil's stuff. I've read Stan Weinstein's book and think it's as good as Warren's. Since I don't have the fifteen or 20 years that Warren aimed for I'm combining Ted's ideas with Stan Weinstein's strategy and think the combination will be quite powerful for long or short term wins.
I found this site about a year ago and followed it for awhile. I was a lurker because I generally didn't feel I had much to contribute at that time. I found your [Rick] comments quite good and in contrast to many other sites, quite honest, rather than oriented to self-aggrandizement or money. I don't know what happened, but I hope the site becomes revitalilzed under your direction.
I guess this is enough for now.
Jer
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I don't think that my discussion forum will become revitalized as much as organized the way I want.
As I became more familiar with how various people apply the TW way of thinking, I discovered that I had my own favorite way too. My desire to get feedback in the context of my narrower interests in this regard generated some animosity so I decided to handle my online TW analysis completely differently.
I intend to keep my TW forum focused on my particular angle and to get other people who are interested in my angle to help me with it. I'm not really interested in a wider TW focus. If a visitor is interested in a wider TW focus, then I'll help them get their own TW forum started and link it from mine, gladly.
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