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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: James R.Gross who wrote (6065)1/28/2001 10:36:55 PM
From: Bruce A. Brotnov  Read Replies (1) of 6445
 
Jim, I seldom follow stocks until they get in the green with earnings (and haven't followed this one). If I was only buying on a technical basis I see a triangle forming coming to a point around $7 that will force it to break up or down pretty soon. With the strong buys and decent volume I'd probably look at $7 1/2 as a possible buy point if I wanted to hold long term until they get profitable. This would be a point where it looks to break the down trend and then needs to get through 8 on strong volume to confirm breaking the down trend.

Good luck,

Bruce
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