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Strategies & Market Trends : Guidance and Visibility
AAPL 271.84-0.4%Dec 31 3:59 PM EST

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To: Connor26 who wrote (175478)6/26/2008 4:29:11 PM
From: lexi2004  Read Replies (1) of 208838
 
AEHR...sorry for not answering sooner. Love the float - less than 7M. No debt and have $ 6 M in cash.

Using the one year chart and the low of 5.41 - 11.20 the fibs are:

1.618 = 14.78

1.27=12.77

1.00 = 11.20

.382 = 8.99

.50 = 8.31

.618 = 7.62

.786 = 6.65

So, buying on the retrace, you often figure 50% retrace as the rule of thumb,so you could start a position there. If it retraces .618 I often add; however, if it dips below the .786 you have to question if the trend is down.

Lexi
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