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Strategies & Market Trends : 99 RS stocks--WATCH THEM FLY HIGHER AND HIGHER

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To: Christopher who wrote (384)11/4/1997 12:10:00 AM
From: James Strauss  Read Replies (1) of 836
 
IVIAF...

>>>I own IVIAF stock and "S & P report" has generated a "sell". I have made a 25 cents a share within few days since I bought the stock. Do you think I should sell? Any help would be appreciated.<<<
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Christopher:

The stock appears to be forming a double top... The moneyflow is currently negative... This is strange given the very good Earnings and Revenue increases... For some reason, the TA is signalling a price pullback that is not evident in the fundamentals... As long as you have a profit, take it now, and be ready to buy again after the price drops into the 7-8 area...

Jim
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