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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Magic RN who wrote (51282)6/16/1999 11:01:00 AM
From: stan s.  Read Replies (1) of 90042
 
PTEK, bottom line. Don't buy until it shows the ability to hold. It's well oversold now, once it takes a stance the momentum indicators should kick in a give it a pop of undetermined strength.

If I owned it I would hold, see if it free forms support here or how it reacts to 10 3/8. A closing break of that support and it may take awhile to recover.

These are short term perspectives only, I took a small loss on PTEK awhile back...I'll try and watch it but I'm often not around.

Good luck.

Stan
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