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Technology Stocks : Systemsoft Inc. (SYSF)

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To: Andrew G. who wrote (117)7/21/1996 1:31:00 PM
From: Jim Roof   of 3529
 
Andrew:

I do feel compelled to tell you that at this point SYSF's chart indicates a small chance of significant gain from this point and a high chance of big losses (50% or greater).

I know that most people share your opinion on charting as it seems to be far removed from the fundamental business aspects of a company's future but I would disagree.

Not tooting my horn here, in fact I have had a terrible stretch on many long positions over the last 2 months, but I am batting close to 1.000 on these major tops (QDEK, CYE, DIMD, CUBE, AMTX et al.).

If you have gains to date you owe it to yourself to protect them. If you are long at a higher price then you still need to protect yourself should SYSF trade the way I believe it will. I shared these same types of views in the CUBE and AMTX threads and 90% of the responses received were like yours but look at what happened.

This chart pattern is profoundly influential in driving prices down. As a fellow trader I am telling you this in good faith. I am short but my advice is not given to serve my goals.

Take care,

Jim
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