A METHOD FOR STOCK PROFITS WITHOUT PRICE FORECASTING by Leon B. Allen

A METHOD FOR STOCK PROFITS WITHOUT PRICE FORECASTING

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KIRKUS REVIEW

The author frankly admits that no one method of investment meets every need but that his own program, between 1943 and 1961, built a fund of $7,292 up to $82,543. He calls his technique the momentum factor or trend principle, i.e. getting in and out of the market quickly by buying and selling stocks with a broad market regardless of their value. This requires timing, courage to take losses and go on when your plan is in error, and willingness to hold on when a stock is moving up farther than anticipated. This is not a guide for the ordinary investor, but for the knowledgeable one who has confidence and faith in an investment counselor like the author. It should prove most exciting and more often than not profitable.

Pub Date: April 20th, 1962
Publisher: Doubleday