Pitbull Investing Strategies 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 : Pitbull Investing Strategies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Langston who wrote (125)	6/3/1997 2:01:00 PM
From: Ralph Garcia	of 789

John, I just checked yahoo for a five year chart of HKT. You're right about the new high. I had included HKT in my model on 5/16/97 @ 20.25. I'll remove and recalculate tonight. I'm of the notion that overhead resistance that far back is of little consequence. But those are the rules. And the rules say to buy when clearing the 5 year high despite the stock being near term over extended from its one year base. I'm inclined to buy it here since the breakout from the 1 year high was on strong supporting volume and is only 10% about where I would have purchased it anyway. The pull back from 22.875 of 10% would leave us at about 20.5, just at the top of the one year base again. Since 10% is my margin of loss for Pitbull I'd be buying here. Ralph

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next