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Strategies & Market Trends : The picks

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To: SMF who wrote (4698)2/11/1997 9:04:00 PM
From: Trader X   of 6124
 
re AMRI...OUCH!....

SMF, I wouldn't sell into this pullback...the way this stock bounces back and forth, you'll have a rally to sell into if you wait a bit.

Besides, the stock is now at major support between 16 and 18.

You might consider averaging down on this one. This is one of the times that stratagy may pay off nicely. I only consider averaging down if the stock has pulled back to an obvious buy point.

This one has.

KH.
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