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Technology Stocks : TouchStone S/W (TSSW)
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To: Bayclipper who wrote (3423)2/5/2006 8:58:59 AM
From: David Alan Cook  Read Replies (1) of 3627
 
Thanks for the link. I prefer buying stocks when the short and long term charts are consistent. Stan Weinstein wrote a book called Secrets of Profiting in Bull and Bear Markets. In this book, he identifies stocks based on the "stage" they are in (Stage 1 /Forming the base; Stage 2 breakout from the base; Stage 3; Forming the top; Stage 4; Decline or breakdown from the Top).

The link you provided shows a steep drop in price from its high in 95 and then several years of no slope / flat movement (5 years)(this base is necessary in his opinion before a stock can reverse direction.) The longer the base, the higher the move from the base.

I have done well by buying stocks that are forming the base and then holding for years if necessary. Some stocks never move from this base but for those that do, the gains are huge.

Lets hope TSSW can break the next resistance on your chart on its way back to higher highs.

DC
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