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Strategies & Market Trends : Charts With An Attitude; Trading In & Out

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To: TheInvestor who wrote (3573)11/11/1997 10:34:00 AM
From: James Strauss  Read Replies (1) of 4701
 
SGI... And Decling Pants...

>>>I'd be very carefull in shorting SGI at around 13. My feeling is that it is hitting rock bottom, the stock MIGHT start to turn around and go up. "Don't get caught with your panths down". LOL. LOL. LOL.<<<
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Ben:

It depends on the circumstances.... : >

The 13.00 area is very important... It could provide a nice double bottom bouncing area... Or... It could signal lower prices from there if that area is violated to the downside... We'll know shortly...

Jim
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