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Strategies & Market Trends : Stochastics

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To: Wayners who wrote (257)2/26/1998 3:04:00 PM
From: CatLady  Read Replies (2) of 927
 
Wayne,

Thanks again for posting your stock list. By coincidence, a number of the stocks you list are ones that I've been following for a while. It really helps to get an un-biased view of what's on the chart. Since I've got rather firm views on the fundamentals of some of these, I tend to be biased in the direction indicated by fundamentals, when I view the charts.

PNDA is one of those. Financial picture for them is very poor and I think it's an excellent short. The price is just barely above 5 today.
As of close on 2/25 looks like the 5,3 stochastic is pointing up, so there might be a little more upside in price, do you think?

CL

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