ALDILA INC. golf shaft manufacturer; Nasdaq:"ALDA" Message Board

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Non-Tech : ALDILA INC. golf shaft manufacturer; Nasdaq:"ALDA"

ALDA 0.0500

0.0%

Nov 3 10:55 AM EST

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To: Brad Bolen who wrote (261)	4/26/1998 5:24:00 AM
From: Paul M. Rengier	of 274

If you look at the chart, there is a cup & handle forming. I'm not quite sure (we will definitively know it in hindsight), but this usually is VERY bullish. The fundamentals would underscore this trend. If so, ALDA would form the handle with a bottom of above 6.5$. Breaking through would be negative. If the handle is formed, it would quickly go up to ~8 followed by a time of side movement in a little range followed by a steady incline to 10 and above. A more simpler chart picture would be a flag. That would mean, a second flagpole follows a short period of consolidation. In both cases a stop buy at 6.5$ with a stop loss @6$ promises good risk reward ratio. Sell @8.25 for short timers, increase the stop loss to 7.75 for long term holdings. In any case:do your own DD. Happy investing Paul

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