Stocks with no assets or earnings can fly
on hot air. A value trader who feels he is missing those spectacular moves has
a choice. 1. He can stick to his method, soberly saying, “Can’t catch them all”.
2. Or he may decide, “When living with the wolves, howl like a wolf” and start
buying upside breakouts. If you do that, the only asset separating you from the
manic crowd is your risk control – your stops and money management.
-----Dr. Alexander Elder
