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Byline: Christina Wise
In a nasty market, all the buying tips in all the Investor's Corners over the past two years won't help you.
If the market and its stocks are in no mood to rally, you're fighting a losing battle.
The buying lessons in this paper are geared to help you zero in on quality stocks breaking out of healthy bases. But there's always one key caveat: The major market indexes must be trending higher.
Even in a good market, disciplined buying and selling is essential.
Consider the numbers, specifically the stocks priced 12 or higher at the beginning of each of the last three years. If you bought blindly, your chances of latching onto a loser were pretty good.
In 2000, 1,005 Nasdaq stocks, or 68%, saw their prices decline over the year. A mere 477 stocks, or 32%, scored gains. This wasn't too surprising given the Nasdaq composite's 39% loss.