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Technology Stocks : Digital Island,Inc - (Nasdaq- ISLD)

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To: Mike Petriv who wrote (1166)12/23/1999 7:51:00 AM
From: Susan Saline   of 1884
 
goud morning mike

appreciate input .....

have position traded Isld several times ...

last position in mid 60's, out after the run at 123, missed the nice rewards to the 150's ... but was very satisfied.

These are a few of the reasons I took entry yesterday at 125:

Upward trend is excellent and intact.
January affect brings the buyers
ISLD has all the "right" components fundamentally
Valuation still low compared to others in it's sector.
last 10 days shows consolidation precluding additional run
so ... bought the "dip"
techstocks.com

Having followed ISLD daily for several months I believe, and closely followed the movements, if it were going to "sell off", it would have done so by now.

support area:
techstocks.com

NEWS starts another move forward

if you keep a close covering stop, you should be ok .... just be wary of forthcoming news, which will be the catalyst for it's next move up.

I have done a study of stocks that make new 52 week highs, 9 out of 10 of them go much higher after profit taking and consolidation at each new high. We are now well off the highs, with support at above the gap area.

Good trading
Sue
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