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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Spreck who wrote (3203)	12/29/2004 5:05:26 PM
From: Walkingshadow	Read Replies (1) of 8752

Hi Spreck, The jury's still out on ISLE, but it is leaning more and more toward's Reid's point of view. ISLE is having difficulties at resistance now. Still, I think ISLE will make a big move soon. Probably it will correct back to the middle of the BBs (or even the lower rail) first, especially since volume has been anemic lately. I can't see much momentum this time around. I suspect Reid is right, and ISLE will have to regroup before making another run at resistance. Glad you could get a bit of profit from it. Probably I would bank the profit if I were long ISLE, then watch carefully for another long opening. I probably would not short ISLE at this point. T

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