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Technology Stocks : Data General Corp. "dgn"

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To: m thompson who wrote (159)1/9/1998 5:12:00 PM
From: Jim Goodman  Read Replies (1) of 354
 
thanks, but please realize, I do almost NO fundamentals, nor do "PSYCLE sm" traders ever "scenarioize"....respectfully, we like to think our "non-emotional, "non-hoping" manner, keeps us from staying in incorrect positions sometimes, nor getting caught up in ephemeral "news" items....it's just not our style....now, I have had many issues which eventually did get "takeover" prices rises, but I have never bought anything for that purpose, if that makes sense to you....I only employ long-existing, repeating patterns of chart, industry, and human/media behaviors, with stops to protect, etc. but I am still recommending the depressed Techs which have not gone to "new" lows recently....best wishes, have a good weekend, sorry I cannot give anything other than the original upside chart target....holding 16., when/once/if over 18-19, DGN can pop towards 23 -ish, still, but my avg. hold period is 2-5 months, not overnite, please keep in mind....
it's saucer forming is as decent as exists in this market....close stop....take care,
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