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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Magnatizer who wrote (1195)5/4/1998 7:28:00 PM
From: Tom Allinder   of 13094
 
I thought TOTL a little overbought too. Was looking for a pullback to add and haven't seen it yet, wants to hold between 3 and 3 1/2. I think I was looking for 2 3/4 or so to add last week.
It DOES help if the company does make money. Not to completely discount fundamentals.... Both TOTL and BJCT have POSITIVE EPS figures. It doesn't mean much at this point; EPS figures don't support price as it is, but like a lot of stocks these days, PEs and other fundamentals don't mean anything. BJCT has lots of rumors and appears to have some ownership among management. Who knows for sure? I don't believe anything except the "chart".

Tom
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