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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: stan s. who wrote (71381)11/15/1999 2:57:00 AM
From: Jenna  Read Replies (2) of 120523
 
TTIL 209.238.58.252 TTIL was an interesting case as its part of a basket of Israeli Tech companies I've been holding. TTIL did have an earnings report on the 8th which was very good, however it caused the stock to sell off 1 5/8 before stabilizing at at bit over a point. The 10th and 11th the volume kept dropping and the range kept contracting, shaking out the sellers.

Getting back in would have been placing a buy stop a tick or 2 or 3 above the high of the last bar (you could have left it there twice or cancelled and then placed it again)..

The best way would have been to stay in because if you did do some DD, TTIL has a very good potential probably like some others on your list. It finally did rise grandly on Friday, probably due to a combination of news, delayed reaction to earnings report and demand rising for the stock..

But you are right because as a trader it is conceivable to have held TTIL for the uptrend and just sold the position completely after the bearish bar did in fact trigger a short term sell signal. As an investor, I didn't even notice the drop nor did I notice the bounce until the weekend.
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