ALTR buy/sell plan:
Buy at 21 and every point on down. Each buy 3% of portfolio.
Depending on how many buy points are reached, lighten up on the next rally, maybe as early as 22, certainly by 24. Like many, many techs, this is a stock that has been unable to sustain any rally above its 200D moving average. My buys and sells are very close, with ALTR, because it looks like the declining 200DMA, and the horizontal support line, are converging. The safest thing to do, would be to wait and see which trends wins. But this stock hit 20, way back in November 2000, and I figure the weak hands have had long enough to get out, if they wanted to, so there isn't much more downside left, is my bet.
Can't remember if I've already posted this plan.
A few days ago, I bought some in a IRA, at 21, and quickly sold at 22. Don't think I posted that when I did it (so it doesn't count, except to me and the IRS). |
