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Strategies & Market Trends : The Rational Analyst

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To: majormember who wrote (683)4/20/1998 8:01:00 PM
From: HeyRainier  Read Replies (1) of 1720
 
[ Risk Management and Sunrise Technolgies (SNRS) ]

"...Actually, I found the chart to be quite disturbing as it opened above the upper Bollinger Band...I'm expecting a close of about 8 3/8...Out at 8 29/32..."

Skane,

SNRS is a very humbling stock for those of us who recommended an exit price. I might be quoted hereon after as the guy who thought SNRS was a good sell at the high 8's (somewhat like Irving Fisher in the late 1920's who said stocks had appeared to reach a permanent plateau--right before the great Crash).

I only use my TA as a risk management tool, and that means finding and making entries at low risk points and exits at high risk ones in my opinion. I haven't quite yet succeeded in making use of it a profit-maximizing tool, just a loss-minimizing one. But isn't that risk management is all about...

Regards,

Rainier
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