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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Lyn Benson who wrote (5391)11/10/1999 12:19:00 PM
From: James Strauss  Read Replies (6) of 13094
 
LGNDW...

Lyn:

Good stock selection... : >

Williams R and Stochastics are saying we may see some profit taking after today... The weekly chart shows a good intermediate term uptrend...
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A test of the 7.00 area looks likely after short term profit taking... As for taking profits now and buying back on the dip or holding for the longer term potential; that's up to your personal investing and tax strategies... You might want to consider taking profits on half your position... This gives you the flexibility of buying the dip or riding a continuation wave upward with the half position you would still own... Either way, you're in a profitable position...

Jim
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