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Microcap & Penny Stocks : ROLLING STOCKS
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To: Thom Taylor who wrote (121)12/2/1996 10:48:00 PM
From: Steve Dunlap   of 233
 
Thom,
I agree with you about breaking pattern. I got excited last
weekend when I found SMCC. It's run a cycle from about 9 to
about 11 and back in each of the past 3 months.....until now.
This month it has hovered at the bottom for a couple weeks.
Could be one to watch.

Also, I use Telechart 2000 and find switching to 5 day display
a valuable tool to reveal rolling patterns and other trends.
You mentioned CSCO; and displayed in this mode it has a beautiful
rolling and uptrending pattern...is this the range rider you
mentioned? Right now I see CSCO at the high end of the cycle
and potentially ripe for a downturn.....which for a company growing
as aggressively as CSCO may mean it trades sideways for a while.

I look forward to hearing whether you decide to allow your current
trades to work out, or pay the tuition, accept the lesson and move
on to more profitable trades. I have bailed in the past and may
bail from DGSI this week. For me, the dollars lost have been
more than offset by the "psychic revenue" of ending the horror of
watching a decision/investment system slide further down the drain each day. That's especially if I'm able to apply the lessons learned and move on to make money elsewhere.

Best of luck, skill, and elan in your investing decisions!
Steve
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