Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Dale Baker who wrote (1280)	1/25/1998 11:52:00 AM
From: TATRADER	Read Replies (3) of 18691

Dale, I took a look at AFCI...Trading pattern is from 32.12 by 24.00...Rectangle pattern...Volume is slowing as we reach the upper extremity of pattern...You made a smart move in shorting this one at 31.00...From my take it should turn downward shortly..Momentum trendline is down...MACD Histogram in bearish divergence with price, same with simple stochastic...You have some good support at 26.50 and 25.00...I probably would not chance it and exit at 27.00...I probably will stay aside from ATLPA..I have not looked at it, but a while back someone I know e-mailed me with a hot tip from a fund manager that he was buying this stock...I told the person I never buy a stock on a tip from even a closest friend....Glad I didn't, the stock tanked shortly thereafter...Goes to prove you can't trust anyone in this business.. Take care, Mark

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