John Pitera's Market Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GROUND ZERO™ who wrote (971)	4/12/2000 11:34:00 PM
From: robert b furman	Read Replies (1) of 33421

Any double bottom worth it's salt has to go below the low of a quick spike down(last tuesday's action).It must do it SSSLLLOOOWWWLLLYYY and grind it out methodically = a hard to sleep week. That way all the margin buyers sitting on the brink of disaster,hoping for salvation,can make an exhausted and lousey sell decision right at the perfect buy opportunity.Heck I know what I'm talking about.I've saved all my margin call letters ever since I was 24.That's right good ole Merrill Lynch,then Olde,then Stiffel Nichlaus, then ABN AMRO.Yup I'm a certfiable margin call expert.They come in a speacial envelopes - you don't even have to open them up and you know the message. Of course you have to open them to find out how much you have to sell tomorrow.I suspect there's a lot of that going on right now.It sucks!!!! Bob Last week on tuesday at the low of the day I tried to buy Kvhi at 5 .Couldn't get it done.Today I got it at 5 and it traded 4 3/4.So in some small caps the double bottom has already become reality.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next