Aug. 8, 2012. Retired stock broker, Roger Reynolds, 71, knows that when it comes to the stock market, timing is everything. He has predicted major stock events since the 80s by using patterns and his stock experience. If you have any interest in the stock market, do not miss Reynold’s discussion of market timing and fundamentals at the Boone Library on Friday, Aug. 10, at 1 p.m.
At the seminar at the Boone Library, Mr. Reynolds will explain how stock markets top and bottom with only three crucial trading patterns. He will also show some markets that are at or near tops or bottoms.
In August 1982, Reynolds stood up at a Monday morning broker meeting and said, “The market is going to the moon and I will bet my job on it.” Other brokers laughed until they cried. The next day history was made. The New York Stock Exchange had the biggest percentage of shares traded up versus shares traded down in it’s entire history.
In 1995-96, Reynolds gave seminars in Charlotte explaining why a massive oil price bull market was coming. Oil was then less than $20 per barrel versus the 2008 peak price of over $140. Before retirement an oil stock was recommended trading between $3-4. The stock peaked in 2008 at $88.
After retirement, in February 2000, an email was sent to a few former clients and friends commenting on the market. The very first one said that the market would make a major peak within 60 days. Six weeks later the NASDAQ topped and now, 12 years later, is only about one-half the 2000 peak. The free emails are still being sent but through word of mouth and referrals the list is over 400.
For more information, call 828-264-8784 or visit www.wataugacountylibrary.com.