SonoSight (SONO), Handheld ultrasound for the masses Message Board

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Biotech / Medical : SonoSight (SONO), Handheld ultrasound for the masses

SONO 17.88

-0.9%

3:59 PM EST

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To: TRIIBoy who wrote (282)	11/10/1999 8:20:00 PM
From: Alan Smithee	of 365

I tend to be a technical trader, and rely heavily on Point & Figure charting. From a Point & Figure point of view, today's action in SONO is not good. By hitting 26, the stock gave a triple bottom sell signal, which is not good. Sometimes such signals do not result in further follow-through selling, but more often than not, you can expect the stock to come under further pressure. I stopped out today at 26 9/16. I can always re-enter if the sell signal is negated, or buy in lower. Right now, there are too many other opportunities in the market to have my money tied up in a technically damaged stock. I believe the stock will recover, and I'll be all over it when it does. But for now, I'm moving on.

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