The basic principles of my method are in fact quite simple: Firstly, except in exceptional cases I only buy the stock of companies in new or developing industries, i.e., companies whose growth and earnings prospects look highly promising.  I never buy stocks in established industries, in companies with huge capitalizations, or in companies which are [...]

What a devastating week for the bulls.   The market internals continue to weaken, with only 24% of stocks in my universe of 4,000 in a short term up-trend.  The GMI remains at +1, with only the Weekly QQQQ Index still barely positive.  There were only 28 new highs on Friday and three times as many [...]

I think you do your listeners a disservice. Mutual funds must stay invested, individuals do not.  About 70% of stocks go with the market indexes.  When the indexes are declining as they have been for weeks, it is your duty to tell people not to fight the trend.  Get out of the way, safely in [...]

“MY ONLY SOUND REASON FOR BUYING A STOCK IS THAT IT IS RISING IN PRICE .  IF THAT IS HAPPENING, NO OTHER REASON IS REQUIRED.  IF THAT IS NOT HAPPENING NO OTHER REASON IS WORTH CONSIDERING.” Nicolas Darvas, Wall Street: The Other Las Vegas, New York: Kensington Publishing,1964, reprinted 2002, p. 134. Actually, Darvas (who [...]

“it is utterly useless for us on the outside, who buy and sell comparatively small blocks of stock, to conjecture about what “they” are doing.  We cannot know what the insiders intend to do, but we can see their orders on the tape when they execute them.  That is why my plea is for everyone [...]