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Strategies & Market Trends : Lizard King's Trading Swamp

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To: bazan who wrote (5864)4/8/1998 3:02:00 AM
From: LzzrdKing  Read Replies (1) of 7396
 
<<LK,
Two weeks back I picked up AHLS based upon a list of stocks you were watching. I got in at 30 and now sits at 32.25 It's been sitting btw 32 & 33 for about the last 5 days and boring. Wonder if you have time to provide some insight on this one? TIA

Regards,
ms>>

AHLS is basing near its high. Still holding its 9 day avg and acting very well in light of market conditions. If it was me holding it, which I wish I was, I would probably try and sell it on the offer, with a mental stop under 31.75 or 32 in the event I couldn't sell on the offer. Then I would look to get back in cheaper. I could easily see it retest that break at 28. Since Nov 97, every break in this stock has then led to a retracement. That could easily happen this time as well. However, this is one strong stock, and is also a 99 EPS stock, a real winner. If I sold and the stock broke out again over 33, I don't think I would buy it there. Would rather buy a pullback in it than another break.
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