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Technology Stocks : DIGL... Digital Lightwave.... Making Waves....
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To: BayTay who wrote (870)11/2/2000 1:51:43 PM
From: Toby Zidle   of 934
 
Bret, I have to agree with JLIHAI's advice to you in #871. Why buying into a stock that is still active dropping? Watch the weekly chart and look for it to stabilize for 3 or 4 weeks. Watch for the Bollinger Bands on a daily chart to start to turn up. Watch for a break through the first resistance level (somewhere around $58).

If DIGL is eventually going to recover to $100+, you don't lose that much by waiting for it to break through a threshold barrier before buying. Who knows? That threshold could be $20 if DIGL can't break its current downtrend for another month or two.
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