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Join Now! NextThis is a 'Range Rider' rolling stock, SAFER in
down markets - a POWERHOUSE in up markets!!! These stocks trend
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(greater than $5 per share) to 1000% (less than $5 per share, or 'small cap') per year
WITHOUT your playing the rolls!!! If you find that stunning, how much more
safety can there be in any market condition by simply diversifying between a number of
these kinds of stocks? If you're a novice, one strategy would be to invest in a
number of Range Riders, and to invest the profits into other Rolling Stocks. As you
gain experience, you may even move into playing options on Rolling Stocks!
If a Range Rider reverses direction, it's a
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If you are concerned with the volatile market or have had a string of 'bad luck'
investments until now, consider these, especially Range Riders in sectors such as energy,
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posted EVERY weekend in the Intelli$ource Stock Reports!
The Worden Report (Monday, October 15, 2001)
The Trend
Ain't Your Enemy
Dear Don,
I'm a new subscriber. However, I've spent several hours a day
studying and reviewing charts.
Through a daily volume surge which was approx. 600% of normal
Patterson Dental (PDCO) showed up. I've been watching it for four weeks now. It seems like
a good possible short based on TSV and Money Stream and BOP all diverging from the new
highs in price. Am I way off base?
There was one insider who filed with SEC his intention to sell 3
million shares of his holdings. Average daily volume is 579,000. Could his
selling be the cause of the bad readings and not the "market" sellers?
Thanks, Herb
Let me tell you where I
think you are making your first mistake. You are trying to force an opinion upon a
situation that is ambiguous. You are analyzing the stock to death with great energy, as if
you will somehow be rewarded for working hard and diligently.
What is ALWAYS the primary indicator? The answer is price. Look
at a daily chart of PDCO (Zoom 4). What do you see in the price? An uptrend! Now punch the
3 key. What do you see? An even clearer uptrend. Punch the 5 key. What do you see? An
uptrend that has persisted since the beginning of the year 2000.
Betting against that uptrend is like betting against Michael
Jordan because he's old. It ain't worth the risk.
While you've got the weekly chart up, take a look at the BOP
pattern over the last three years. Notice that spurts of BOP selling have not been
unusual, but they never did much damage to the price. But notice that MoneyStream has just
taken a perilous dive. Punch the three key. Here you see that there is indeed a malignant
change of character taking place in BOP, MoneyStream and TSV. Ominous, to be sure.
Maybe this stock is going to tank. The indicators suggest that it
will. But maybe this tenacious uptrend isn't going to give up. Do you have to bet on it?
No.
Every investment is an alternative to another investment. Out of
thousands of stocks I think you can find a better bet. Don't get yourself rooting for it
before you take the commitment – the way you are now. That's like Indians putting on
war paint to give themselves courage. Look for a perfect stock – one that jumps up
and bites you.
In short selling, I like to see a failed rally. I want the
stock's back to be broken and trying in vain to rally. I don't like to see much volume
around short sales. That's like matches around an oxygen tank. -DW |
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