Point and Figure Charting Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Point and Figure Charting

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ms. X who wrote (2612)	4/26/1998 7:30:00 PM
From: LWolf	Read Replies (1) of 34809

Hi P&F-Madness I signed up for the DW site's free trial. Ran a chart on DLJ, and saw Industry group - bear correction 74+, and 'chart broke double bottom on 4/23'. Wondered if you could give me your your opinion on DLJ, because a few weeks ago I bought 2 may95C for DLJES @ 11 3/4 (too high, my mistake). DLJ is due to split 2/1 on May 12, so I figured the stock would keep moving up. HOWEVER, current stock price is ~95 3/8 and current contract price is 5 1/4. If I sell the 2 contracts tomorrow I'll lose $1K+, but I could buy the stock and hold through the split. I'm a "Nervous-Nelly" over this; since it's my first time with options. Even though the concept seemed good to me, I hadn't expected the stock to back down..... maybe it's just consolidating after earnings and before a move into the split. Wondered what you might see in the P&F charts that I can't. Thanks, Laura

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next