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Technology Stocks : Systemsoft Inc. (SYSF)

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To: Jimbo Cobb who wrote (140)7/26/1996 4:22:00 PM
From: Jim Roof   of 3529
 
Mark:

What I am saying is not meant to antagonize you, honestly. I am simply informing you that SYSF has made what is regarded as the single most reliable technical chart pattern that at this point has at least 90% chance of completion by reaching the low teens (minimum).

If I were long in SYSF and had read and understood "Technical Analysis of Stock Trends" by Edwards and Magee I would liquidate this position as fast as humanly possible. I know that you're not going to listen to this advice but I am compelled to give it nonetheless. Magee says in no uncertain terms that a stock that has made a Head and Shoulders top should be liquidated at the pullback rally from the breakout (that would have been 23 last week). He goes on to say that this pattern is so powerful that all news and market sentiment SHOULD BE IGNORED and the chart trusted against all contrary advice.

I have seen dozens of examples of this pattern so far this year, during bullish markets and during selloffs. So far, not one has failed to reach its objective. Not one.

What if I told you that you could sell at 20 and have a 90% chance of buying back at 12-13? If YOU believed that this is a true representation of SYSF's condition then these are odds that you would be advised to take. Imagine your 1000 shares becoming 1700 in about 2 weeks. It's as sure a thing as exists in the stock market.

Jim (well rested)
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