Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 459.86

+0.7%

Jan 16 9:30 AM EST

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To: Bob Biersack who wrote (18640)	5/31/2002 4:46:50 PM
From: backman	Read Replies (1) of 26752

re: CLHB i know that many have thought that this was a good "dip" buy.. in my experience, when a stock trades at a significant multiple to its 200 DMA, once it cracks...it is substantially done as an investment..not to say u mite not find a tradeable bounce, but thats about it... other examples would include the security sector (INVN, VISG, etal)...of course, high multiple isnt enuff to make something a good short..take a look at DSCM back in january this year CLHB was about 3* its 200 DMA when it cracked USNA is now 3*, although the metrics are less reliable with lower priced stocks, but u mite wanna look at ZOLT and ANCC for some comparison FWIW

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