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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: AllansAlias who wrote (44981)12/7/2000 11:52:41 AM
From: Perspective  Read Replies (3) of 436258
 
What - like the breakout in MMM? GMAFBreak! A strong breakout, yes, but breakouts can and do fail. Take Soft's final breakout for example. Extreme volume, because everybody wanted to chase it. And they ALL got trapped.

I *will* fade that one. The rationale behind the breakout is the biggest load of horse manure I've heard in my life! "We're going to grow sales to the optical industry by 4X in the next few years, we promise. Scout's honor." Yeah right, in an optical market crash. It's a huge, slow-growing company deeply sensitive to the economic cycle, trading for 25 times expected earnings going into a recession. Hello? Is *anyone* paying attention to reality out there?

BC
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