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Technology Stocks : Trading TAVA
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To: dennis reed who wrote (436)5/20/1998 6:55:00 PM
From: Alastair McIntosh  Read Replies (2) of 655
 
Dennis - Re: Entry Point

I too am looking to get into TAVA for a few points as I think that it could run up a bit
due to contract announcements or some other hype. This best way to confirm a bottom
is to wait for a reversal, then an upmove and then a pullback that does not take out the previous low. You
miss the exact bottom but you risk getting in too early. There is no way of calling a
bottom until a swing reversal occurs. A stock can stay "oversold" for a long time. Be
patient - better a bit late than to be much too early.

Al
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