Stock Attack -- A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (9045)	5/29/1998 3:33:00 AM
From: Nancy	Read Replies (1) of 42787

chris, i know both GE & PFE on weekly sell, and GE seems to hold 81-82 very well. PFE is too news driven and it is holding on above 100. I have both from some 100 to 200% ago, so I really dont care about the LT position, but GE is good for scalping since it has basically just moved with market - very little news impact on GE. in April-May 20 trading days period, we can be in-out GE 4-5 times between 82 and 85, just dont buy and hold at this level :) but you dont have to worry about being wiped out overnight like some tech or small caps. oh, btw, GE seems to be a good advance indicator for general market - it usually topped out a month ahead of general market - whenever you see GE laboring, the big market will follow. check out the period of Jan - apr 97, jul-oct 97.

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