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Pastimes : Home on the range where the buffalo roam

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To: MulhollandDrive who wrote (367)	3/21/2000 12:36:00 PM
From: Boplicity	Read Replies (2) of 13572

GE yes GE sorry it only has two letter in the sym. but it's a top company in the world company that just made a bottom so it was and still is an easy play. GE has broken through it's early march high. Breaking through the March high was the safe buy point. It also made a very nice double bottom. I bought of the double bottom myself. The March high I was talking about was the beginning of the W or double bottom. The thinking goes like this with Double bottoms. Those investors that held at the beginning of the first drop, that wanted to sell sold at the peak or middle of the W. If a stocks makes it back up to the finish the W and investors haven't sold yet, then it's an indication of strong holders being left in the stock. So the stock breaks out, just like GE did today. see below url for chart. askresearch.com I normally draw a line to connect the top of the W to help calculate where that buy point will be. Take notice of the increasing vol. after the second bottom was made, that is what prompted me to buy, not to mention my desire to go big last week. Also note on the page the div. rate not bad, good old GE will send me money for owning it. Greg

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