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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: David Fitz who wrote (15530)7/30/1998 4:16:00 PM
From: DanZ  Read Replies (1) of 53068
 
DWRX.

David,

I have been a very successful trader when I stick to TA. However, I recently started buying stocks because I thought they were value plays even though the charts said DANGER. Well, today I decided to go back to what has worked for me before and I sold IRF and LTCW because I don't like the charts.

I don't like the chart of DWRX either but I am willing to give it a little longer. If it doesn't start looking better fairly soon, I am going to eat the loss in it too. Long term, I think DWRX is a very good hold. But it could be dead money for a while, or worse, drift lower. I moved the money from IRF and LTCW into VLSI because I like the chart much better. We'll see if the swap works out in my favor. Best of luck with DWRX and your other holdings.

Dan
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