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Strategies & Market Trends : The picks

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To: Trader X who wrote (1970)	1/15/1997 9:15:00 PM
From: Walt Gillespie	of 6124

Kevin, On the 12th you posted a message about PTIS. In it you felt it would possibly have a Profit Sell-off and drop to around 4.75. Do you feel today's drop is that sell-off? I had figured PTIS going to 7 mabe 7.25 and have a sell in at 6.50. I use a LSQ Trendline/Channel for 5 years system in charting. It shows a Base line at around 3.00 and LSQ at 5.25 and a top of 7.25. Setting a line parallel to the LSQ and on the tops of the last highs it crosses around the 6.00 point. I'll most likely stay in and ride it out. If it keeps rolling as it has it should be back up in 6 months although I'd rather sell now at 6.5 (chuckle). Looking forward to your comments. Walt

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