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Technology Stocks : Newbridge Networks

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To: Tunica Albuginea who wrote (2650)1/7/1998 3:20:00 PM
From: nick cash  Read Replies (1) of 18016
 
tunica, i would disagree w/your comment that you can't time this stock. if you had used strict ta on nn for buys and sells you would have ridden this thing up 4 times in the past 3 years and gotten out near the top each time and in near the bottom. this is a great stock for a good chart reader as it takes off when it breaks thru resist and collapses when it breaks support. have i gotten it right each time...........NO. but not because of faulty ta. instead any mistakes i've made have been due to me stupidly ignoring my ta. i didn't make that mistake this time and got out of most of the position inthe 60's and have yet to buy back.

all imo only....nick
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