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Strategies & Market Trends : Wedges, triangles, and stuff: Chart patterns for breakouts
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To: HeyRainier who wrote ()7/15/1997 7:06:00 PM
From: HeyRainier   of 257
 
I'm going to slightly modify my announcements from now on. Many of the readers on this thread may know of the thorough beating Periphonics(PERI) took today after falling about 25% today. I'm developing a conscience because I put this on my watch, and I fear that someone out there may have been holding without knowing when to actually sell. I sold this at 21 1/2 a few weeks back and was quite surprised to see this as one of the major losers for the day. I'll be waiting for some support on this before I consider taking another position in this company.

As you are all the ultimate decision makers on your own portfolios, I bear no responsibility for any possible gains or losses in any recommendations I may make. My purpose in starting this thread is to inform other investors/speculators/traders of potentially profitable opportunities. Because of this development in Periphonics, I will now add to my watch notices my sells from my portfolio.

Since May I've been concentrating on undertrading, undertrading, undertrading, in addition to focusing on risk, risk, risk. That may explain the drastic reduction in the number of postings.

Currently on my watch are LARS, PERI, and IMSI, though none exhibit wedges or triangle formations. These are just good, fundamentally solid companies that I'm considering. Good luck to all.

Regards,

Rainier Trinidad
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