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Strategies & Market Trends : Classic TA Workplace

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To: Perspective who wrote (95338)4/28/2004 11:01:20 AM
From: bcrafty  Read Replies (1) of 209892
 
bobcor, why do you feel ASKJ is "trash?"

Over the years I've noticed that you use that term rather loosely, but you've never defined for us what criteria you use to label an issue "trash." The premise of a derogatory term like "trash" implies that the issue is one that a person should not want to own, whether it's for a one day hold or a one year hold, so I assume that's what you are getting at, but you've not clued us in yet on why you feel that way.

I also assume you're making some kind of call on its fundamentals, because certainly you can't be saying ASKJ is trash in any technical sense. It could lose 15% from its current price and it would only touch the lower trendline from its March gap up.

stockcharts.com[w,a]daclyyay[de][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

Rather than post a list of all the stocks you consider trash (or a list of non-trash stocks, if it would be shorter) how about differentiating between why ASKJ is trash compared to INTC, for example, as INTC's chart definitely tells me I would not want to own it right now.

stockcharts.com[w,a]daclyyay[de][pb50!b200][vc60][iUb14!La12,26,9]&pref=G
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