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Strategies & Market Trends : Temp. Home of Cooperative Group-Trading

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To: Smilodon who wrote (166)6/15/1999 5:44:00 PM
From: OZ  Read Replies (1) of 790
 


"I think ASYT may pull back,
but is is a great long-term play with rapidly increasing business.
I recently sold some of my long position, but love this company and know it very well."

Then you probably know that it was challenging a resistance level that it has attempted unsuccessfully for the 6th time in 18 months. Might be a very good company and even a good long, but the chart said short it when it violates the previous days low and that would be today. I am not a long term short by any means. Just looking for a couple of points and then on to the next...

Good Luck,
OZ
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