RadiSys Corp Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : RadiSys Corp

RSYS 1.720

+0.6%

Dec 11 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: stan s. who wrote (227)	12/21/1996 9:11:00 AM
From: Alex Burns	of 1472

One strategy you may wish to consider is placing a stop or stop/limit order in to protect yourself against another test of the support level. While it's testing the resistance level now, you don't want to get out until you see signs of a reversal. That's easy for me to say, but it's hard to do. The problem is that getting confirmation of a reversal may cost you 2-3 points if it repeats what it did at the 52 level last time. My guess is that it'll spend some time at the 50-52 level consolidating for the next leg which could be up or down. Since you're willing to get out at 50, you don't want to put a stop in at 50 until it gets above 52. I need to read up on stop placement strategies and get back to ya. It's an interesting situation you've got with RSYS at this level. Remember market makers tend to exhibit stop seeking behavior. It's in their self interest to get the stop orders executed from time to time... In other words, placing a stop in too tight will surely execute at a level lower than you might have gotten by watching the intraday activity. Watching intraday activity will drive you crazy. I try not to do it and make my decisions in the calm of the evening when I'm more rational, less emotionsl... There's no signs of weakness in RSYS. A close on the high of the day is bullish as long as it's not a "hanging man" in candlestick terms, which would be a reversal pattern. As usual, you need to see what happens on Monday before you get confirmation. One thing about TA is that you always seem to have to wait one more day to get confirmation... Alex

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next