Charts With An Attitude; Trading In & Out Message Board

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

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To: Instock who wrote (4233)	12/5/1997 8:50:00 AM
From: lazar921	Read Replies (1) of 4701

INFU ask on thurs DID drop.... I know we closed higher on more vol, but the ask throughout the day DID definitely drop below 6 . I watch the ticks all day. Now I don't know, but maybe the drop triggered some limit orders thus the vol and upward adjustment...But isnt overbought STILL overbought?ASK YOURSELF THE FOLLOWING>>>> Would you buy it here(long) given the current runup? wouldn't you feel as though you missed the boat? If it stalled wouldn't you be tempted to take some profit for a nice return had you been long a few weeks ago? All these things have me believing we should stay short....how much MORE buying can occur? The thinly traded vol helps as well ...Jeff Cooper for one likes stocks that trade lower vol, as they are more volatile...a big sale here could mean moves and result in panic selling.One profit taker could sink this thing. Just my thoughts...as for where we should post this INFU stuff...i could not find an INFU thread...directions please...what are the new readings or TA??....Jeff

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