The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: bob who wrote (10124)	1/6/1998 10:18:00 PM
From: RADAR )))	Read Replies (1) of 79229

Bob: SRGE is at the bottom of it trading range with the bid/ask at 1 5/8. When the stock reaches the top of its trading range it will be just above 2 1/16 or 2 1/8. So yes, for a trade I would say now would be a good time to buy with little downside risk and about a half point gain to be eeked out. Should take less than a month to see the stock return to the top of its range, then I would be very careful about holding on. SRGE has improved their revenue and earnings figures and appear to be back on track with their turnaround. The next quarterly should tell if the turnaround is proving out. Keep a close stop on the low side just in case of bad news, but I think you are at no more risk than another 1/16 to 1/8 of a point. (JMOO) RADAR

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