Theragenics (TGX) on the up and up Message Board

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Biotech / Medical : Theragenics (TGX) on the up and up

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To: ZombieMike who wrote (917)	7/2/1998 6:49:00 PM
From: Ron Kline	Read Replies (2) of 1055

Michael, I bought THRX at a very good price so I'm not really losing just have limited my earlier profits . I bought more when it corrected and took a small loss on those shares before it broke down. I guess what is interesting about this story is no matter how much you like a company, or how much the company says everything is on target and great, there is no sure deal in the stock market. THRX had one of the highest EPS/RS figures, earnings have been beaten the last year and yet you see this kind of correction in the stock with really no news at all to access the situation. I own another stock SFSK, bought more of that one also in the correction which was as bad as THRX, and that one is back close to the highs. If I were to guess which one would do better I would have picked THRX because the earnings were much more impressive. So what does this all mean. Don't bank on any one stock, watch the technicals carefully (THRX broke moving average weeks ago), and don't fall in love with a company. Lastly, if you buy during breakouts instead of corrections and sell when they break moving averages you have a much better chance of winning in the stock market.

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