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Biotech / Medical : PHP Healthcare
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To: Jim Mac who wrote (3)11/20/1997 4:57:00 PM
From: Ontherise  Read Replies (1) of 136
 
Jim,

I think I am going to try and flip this stock for a while, until it breaks through the resistance at 17.5~18.0. I had bought some at 14 a week or two ago. My broker called it perfectly by having limit sells in at 17 and 17.25 and 17.5 yesterday. I got out today at 16.625, after seeing the weakness at the opening, and hearing his rational.
If it gets down to 14 or so again, I'll get back in.

I like flipping a stock that has a lot of good news behind it, because if your wrong, it goes up, not down! I tried this on another stock, and it went down and stayed down. One that I wish I had flipped was EMC, back before it broke out above 20(40 pre-split). It went from 30 to 40 a bunch of times. I hope PPH does likewise.

Good luck to us both

Kevin
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