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Technology Stocks : PairGain Technologies
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To: FirstDiogenes who wrote (34594)11/11/1999 2:10:00 PM
From: Doug R  Read Replies (3) of 36349
 
First,

First you'll have to actually look at the chart of PAIR and have an understanding of the basics of reading a chart in terms of supply and demand. Then you'll have to understand the principles of money management that I am currently employing with my position(s) in this stock.
The trendline stuff is already explained in at least one of my previous posts.
After today, there will be an entirely new picture in regard to the supply/demand dynamic in regard to the trendlines. AND my protective exit price will very likely be raised from 12 3/4. If/when my stop is hit...I will exit. My entry levels are certainly different than yours so my decision process is certainly different than your own should be.
I also have trading exits at different probable high prices to be used as a means of compounding on short term gains in order to accumulate on the way up in a longer term strategy.
I would have to decline mapping out a strategy for any individual on the thread. It's definitely not advisable for anyone to do that.
I can, however, post my take on the technical activity as things develop. I'll try not to post when, where or what I have bought and sold from now on.

The long term chart pattern projects a return to the alltime high so there will be plenty of moves and bases along the way. 16 3/8 or 17 1/16 may well be the short term top for the current activity and the ensuing base will be in the 15s in that case.

respectfully,
Doug R
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