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Strategies & Market Trends : LastShadow's Position Trading
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To: Logain Ablar who wrote (25819)11/28/1999 1:54:00 PM
From: AlienTech  Read Replies (1) of 43080
 
I posted it cause I remembered that CHKP was about to break 30 and there was an article about how the money flow in it was only next to AOL and how everyone was expecting it to try its 52 week low of 12 again. I jumped in at 34 or so averaged down at 32 and sold when it hit 34 to make a whopping 2 points on it! At the time all the neta crap about industry slowdowns and y2k will bring jesus into the world scared the hell out of me. As we see now, there is no slow down or y2k spending cuts. Just plain incompetance.
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