700% predictable TW rise from mid 97 to spring 99 for AOL
January 7 2002 at 7:43 PM No score for this post
Potvin from IP address 216.176.37.82
I would have been in at 10 or so, I think, in mid 97 on AOL after that long base.
My formula would have had me cash out at 20 but the stock went to 80 so I guess it pays to pay closer attention to the TW exit strategies.
The stock is currently ratcheting downward in a pattern that is volative and not pretty. I don't know for sure but it seems to me that that would be something to avoid as a TW trader. It's already had its heyday. It might be several years before anything emerges frmo this company again that can be said to be a TW buy.
Too bad too because this one was a doozy. And TW would have been able to alert us to it. I wonder if Matt at the Investolator followed it... I'd be very interested in whether Investolator followed this!
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The chart of AOL reflects stocks splits. So the base was way back when. Had you bought in the mid to late 90's, then it would have been the same as buyin in TRY now. (see post).
Your right on with the fast rise. A fast rise is a fast rise! Simple as that! Sell point was in April 1999.
Sammy So-So
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It's so easy and comforting to look at what appear to be successes and state the point that "I would have gotten in there ..." Most never account for the splits, what the stock would have looked like in realtime, and fail to realize that they probably never would have even considered it at that time.
Very important point
Dave
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