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Technology Stocks : Profit Recovery Group (PRGX)

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To: Dowjoe who wrote (15)6/9/2000 10:05:00 AM
From: Jim Patterson   of 32
 
You are correct the fundamentals are solid.
Reggie does not look at these things. Reggie is very short term oriented, with trades lasting no more than 8 trading days.

In this case, the stock has traced out a pattern that suggested that if it broke down, the move could see follow through to lower prices. Thursday this did happen and we have a 2-point gain on the trade.

I have nothing for or against this company. I am just looking at the chart, and what it has the potential to do. Thursday it looked like it could go down.

Jim

Trading by Reggie on Wall Street
For more information on Reggie please visit our website: reggieonwallstreet.com
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