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Technology Stocks : DWCH-Datawatch Worth Watching!
DWCH 13.100.0%Dec 13 4:00 PM EST
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To: KDB who wrote (127)4/10/1997 8:51:00 PM
From: Robert J. Partridge   of 462
 
I wouldn't put too much faith in a recommendation by Lew Lieberbaum - they are a market maker for this stock, and of course are going to push it, just as they have been pushing it all along regardless of prospects. I will never buy from a market maker again, their loyalties are too divided.

I got sucked into Lieberbaum by their recommendation of COO (which turned out to be a good recommendation), and my guard was down when they called a few weeks later pushing DWCH. I honestly feel they gave me a good tip just so they could turn around and load me up with DWCH. The stock has been in continuous decline since last July - I can't imagine any disinterested party recommending it, and according to Zack's, no one else is covering it.

I trade mostly based on Technical Analysis. As of today, there is a positive indicator on Stochastics, although not confirmed by any other indicator. When this indicator turns back negative, I'm out. I'll cut my loses. A steadily declining stock is nothing but grief, and if it does turn out to be a sound company, there will be plenty of opportunities to get back in later. In the meantime, no one knows how far down it will go - and I certainly wouldn't put much faith in anything emanating from Lieberbaum and company.

Just my opinion. I'll post when the indicator turns back negative.

Robert
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