V. 9:13 (532-534): Quick-Scans: STOCK MARKET RULES

V. 9:13 (532-534): Quick-Scans: STOCK MARKET RULES
Item# \V09\C13\Q532B.PDF
Availability: In Stock

Product Description


The Facts and the Fiction

Probus Publishing Co.

118 N. Clinton St., Suite 305

Chicago, IL 60606

(312) 346-7985, (800) 969-8878

Author: Michael D. Sheimo

Price: $18.95

1991, 218 pages

The claim: "50 of the Most Widely Held Investment Axioms Explained and Exposed." The reality: "50 of the Most Widely Held Investment Axioms Elaborated and Expanded."

If you bought this book, you might expect a good quantitative debunking, or possibly the sage examples of experience relating to each rule. Given that most stock market rules are slippery to define and test, forget that. Sheimo clearly speaks from experience but it won't help the novice much, because most of the advice he gives is in the vein of "this works in some situations but not in other situations." The novice is generally at pains to figure out what the situation is, let alone apply a hoary rule to it.

Now, there is good advice here (for example, "Thinly traded stocks might be worth a light speculative position held for long-term investment. But they should probably not make up a significant position for short-term trading"), and some genuinely prudent direction does pop up ("Sell at the first scent of fraud"). At the very least, virtually every axiom is listed and the discussion gets a lot of subjects at least on the table, if not resolved. On cutting losses and letting profits run: "In some situations the investor should prepare to sell but in other circumstances it is time for a closer look before reaching the sell decision."

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order