| ...And, why he is The UnRuly Dog
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An investor for over 40 years, Dennis A. Kranyak began his self-taught investment
journey as a fundamental investor focusing on mutual funds and Blue Chip stocks in 1968. |
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| A native of Chester Connecticut, he graduated from Valley Regional High School in neighboring
Deep River in 1972. He placed his first trade while in
eigth grade with the guiding hands
and encouragement of his father and his math teacher. |
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| He then attend The Citadel in Charleston, South Carolina, graduating in 1976 and earning a commission in the US Navy. |
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| He served for over twenty years in the Navy, crisscrossing the country at various duty stations.
During the Gulf War he spent eight months in the Red Sea as part of the Commander Cruiser
Destroyer Group Eight staff, embarked on the aircraft carrier USS Saratoga (CV-60). |
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| A friend lent him a copy of "New Concepts in Technical Trading Systems" by J. Wells Wilder, Jr.
in the early 1980's while stationed in Long Beach, California. About the same time, he
also discovered Investors Daily, which later became Investor's Business Daily. These two
publications began his transition from fundamental to technical investor, which picked up
speed in the 1985 with the purchase of his first PC, and followed shortly thereafter with
his first on line trade. |
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| A student of William J. O'Neil, he attended his first of five HGS (High Growth Stocks) workshops in 1994
given by the father of HGS, Ian Woodward and initially sponsored by Telescan and later by
Quotes Plus and IRL. During this time his interest grew in the statistical elements of O'Neil's and Woodward's
methodologies. |
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| In 1995 he formed a geographically diverse Cyber Investment Group to electronically exchange
weekly industry group information and draw on industry sector expertise of the groups
members. From this e-mail exchange grew his weekly e-mail market commentary and
analysis which evolved into "Dog Bones". |
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| Dennis retired as a Commander from the US Navy in 1996, in order to trade full time and
lives in northern Virginia. |
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| Since 1994 he has been an active member of several Washington, DC area investment groups
including the Society of Market Technicians (where he is
currently on the board of trustees), the Telescan Users Group, the Vector Vest
investment group of Rockville, MD and has assisted in managing his church's investment
portfolio. In addition to periodic presentations
at monthly Washington area Society of Market Technician meetings,
in March of 2009 he began conducting workshops on ETFs with a
focus on their use for both trading and high yield. |
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| In August of 1999, he was fortunate to be able to participate, along with several market
luminaries, in a pre-publication review of "Jesse Livermore, World's Greatest Stock
Trader", by Richard L. Smitten. He has since worked extensively with
the late Mr.
Smitten on Jesse Livermore's Market Key System in an attempt to apply today's technical
tools to a trading and money management methodology that is over 60 years old.
He also was a contributor to Mr. Smitten's last book, Trade
Like Jesse Livermore. |
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| Since his first trade in 1968 has also dabbled in penny stocks, options and experimented with numerous trading systems before settling on his current
technical bent, ETF stock focus with a heavy emphasis on position sizing and
high yield portfolios . His investment software currently consists of Quotes Plus ™,
Ensign real time charting software, and
spreadsheets, along with several on line resources. In the later portion of his investment journey, his investment methodology and tools have become
simpler and fewer. Dennis may be reached via e-mail at "UnRulyDog@unrulydog.com". |
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| Why The UnRuly Dog?
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| It was during one of Ian Woodward's investment workshops in the mid 1990's that the moniker
first arose. At the end of the second day of the workshop, Ian was asking the students
for the names of stocks to be charted and reviewed on the overhead projection system.
Dennis volunteered a stock that had risen "like a rocket", but appeared to quickly be
turning into a "rock".
Upon seeing the chart, Ian asked, "Do you own this?"
To which Dennis replied, "Yes."
Looking at the chart, Ian then asked, "Where did you buy it?
Dennis quoted the purchase price, which was well beyond the pivot point.
Ian then replied, " You are like an unruly dog, chasing a fast car!"
The rest of the students got a chuckle, but for the remainder of the workshop, and
in subsequent e-mails, Dennis became, "The Unruly Dog".
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