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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (23359)1/14/2001 11:18:59 AM
From: Ken W  Read Replies (4) of 29382
 
Hello Sergio,

I forgot you Dad lives in Venezuela, for some reason I thought he was from Argentina..sometime's I don't listen very well. The bride says that all of the time. LOL

CDO looks very good on the daily charts, but there is some underlying things going on in the shorter term that you should know about. If you buy the stock at 13 you will be disappointed to the downside of 12 as there is selling into any strength above 13. The RSI and STOCH's on the daily chart are too high to comfirm the price moving over the 50dMa. Meanwhile, the shorter period price has broken under the 50dMA on downturning MACD, STOCH's and RSI. A intraday break under 13 will signal the move down to 12.

I'd be a trader between 12 and 13 for a while and build some core shares for any move back to 20 in the longer run.

Interesting, I found that our aggressive friends at Wis. State Employee's Board have been buying PCOM. As you know they have done very well with RDRT so I am going to have to go more in depth regarding PCOM and see what the interest is.

Ken
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