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Non-Tech : Bombay (BBA): Time for a run up?

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To: wallstreetbull who wrote (46)12/16/1997 4:02:00 PM
From: Jim Goodman  Read Replies (1) of 202
 
good for you also....your timing may be correct here....just added BBA to my L.T. "PSYCLE sm" list, with a very close stop below recent lows, as another depressed, long-basing, Retail issue, for at least a tax-selling bounce....I also had it earlier, 1997, and rec'd. selling around 8., before it's high....also had it last year off it's then-low, up to 9....been trading it occasionally for a while....if you view it's long-term chart, you'll see a super L.T. base....so, keep close stop, and best wishes....FYI, I do NOT employ "fundamentals" much, only special chart patterns, and sentiment, which is also pretty bearish here (i.e., bullish for us, right ?)....I also added a couple of other depressed Retail issues here, in ind. group rotation, which has worked well for me over the years, esp. from Dec. lows, also am in some depr. Golds, Techs, here, as well....take care,
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