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Politics : High Tolerance Plasticity

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To: Libbyt who wrote (20699)	12/9/2003 11:22:42 AM
From: kodiak_bull	Read Replies (1) of 23153

Ms. Libby, Yes EGHT is bouncing around, got a 3 beta, but I don't own it here. I see it as very likely to base in the 4-5.50 range for a while before it gets ready for its next breakout (which may fail). If you were in this name 3 days ago you are now down 26% and up 19%, so net down 7%, not the kind of hijinx I enjoy. I see sort of the same thing in ITIG, and almost the same price range. I'd like to see a stock settle down into a classic base and then buy at or close to the bottom of the base (preferably on the cusp of the rise) and wait for the break. Kb

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