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Strategies & Market Trends : Moufassa's Lair

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To: Trumptown who wrote (12915)4/22/2003 10:28:06 PM
From: KevinThompson  Read Replies (1) of 13660
 
Hi SR,

Yeah, our next SAM is on my watchlist. You're on a roll with these small (micro) caps.

In looking at the chart, I was waiting for a pull-back to .53 or .54 for a double bottom before jumping in, but that was before the market rocket rally today. I am always hesitant to buy after they move like this. I prefer to wait for the obligatory pull-back. But sometimes pull-backs just don't happen as they should. :o)

Anyway, thanks for bringing these little guys to our attention.

As for market direction, I still have my concerns about this economic climate. Hard to shake off the bear suit, but bears aren't making much money lately. Certainly, stock prices can diverge a long ways from economic realities before corrections happen.

Best Regards,
KevinT
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