Product Description

A classic book that was updated and revised in 1994, now with a new foreword written by the author. A meaningful analysis, a few rules to follow, how to choose good charts, and numerous case histories. Guidelines to follow which help you to be self-reliant.

Product Details

• Amazon Sales Rank: #19960 in Books
• Published on: 1999-12-08
• Original language: English
• Number of items: 1
• Binding: Paperback
• 335 pages

From the Publisher
Since the original publication of When to Sell in 1977, which was cited by the New York Times as one of the two or three best books ever written on the stock market, Justin Mamis gets the phone calls asking "how do we know when to sell?" Of course these phone calls come after the market has gone down. When prices are up, investors should be looking for "when to sell". Indentifying tops -- the emotions that accompany tops, the indicators that say it is a top, the stock actions that warns that it is getting to be time to sell - these are the meat of the book When to Sell. This book was completely rewritten in 1995 and now includes a new foreword by the author. Although many specifics have changed since the original book was first published over twenty years ago, there are also many consistent verities that need to be repeated. It still takes just as long to make a top, the same sort of failures can be identified whether one is dealing with American Buggy Whip or Microsoft and it still requires both patience and belief -- patience to wait for a big enough top to form and belief that it really is a top and thus has become time to sell.

About the Author
After serving as Assistant Director of the NYSE Floor Department, Justin Mamis founded and edited The Professional Tape Reader in 1972, selling it in 1977 to its current editor with thoughts of retirement. Instead he spent several years as an "upstairs" Member-Trader for Phelan, Silver, an NYSE specialist firm and subsequently settled into his roles as market advisory letter writer, forecaster, and philosopher on behalf of Wertheim & Co., and then Gordon Capital. He then became Senior Vice President and Chief Market Technician at Hancock, where he wrote his weekly Mamis Letter. Quotes from the Mamis Letter appear frequently in Barron's and The Wall Street Journal and his often heretical and usually grumpy comments can be heard from time to time on CNBC. Among his credentials he has been voted for several consecutive years to the Institutional Investor "All-Star Team" in the categories of Market Timing and Market Technician. Justin continues to write his market letter and do forecasting and philosophizing.

Customer Reviews

Cornerstones of Theory and Practice
Investors in general and beginning investors in particular are largely ignorant of the works of perhaps the most important men they could read, one of whom is Justin Mamis (another is Richard Wyckoff). This is due at least in part to the fact that most of the works of these two men have been out of print for so long. But three of Mamis' works are now back (cross your fingers for When To Buy, the only one still out of print) and increased profits are a virtual guarantee for anyone who takes advantage of this opportunity to obtain these foundation works and commit their lessons in strategy to his own plan for trading and investment.

Very highly recommended and cheap at the price.

Best trading book I've ever read
I have been an investment professional for over 20 years. I have read dozens of books--most long before the flood of "you to can be a super trader" trash of the 1990s. This is the best one. Mamis is an original and independent thinker. The book deals with psychology, tactics, technical indicators. His "How to Buy" is not nearly as good.

If you don't have a real-life mentor...
If you invest, wish you had a mentor on the trading floor, but don't know anyone who works on the exchange, you should read this book. Mamis discusses not only market indicators so you can better time buys and sells, but explains what happens on the trading floor and how the professionals -- the "they" many investors refer to grudgingly -- benefit from herd psychology. After reading this you will better understand why the "average investor" is more likely to lose than win, and why many people, in fact, subconsciously prefer to lose. Mamis has an easy style which reflects his many years of investing experience -- it is not a dry, academic discusson of the market.

Along with "Reminiscences of a Stock Operator" and a couple of others, this is one of the best and most informative books I've read about the market.