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Technology Stocks : USRX
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To: Dwight E. Karlsen who wrote (6037)12/4/1996 12:25:00 PM
From: Jeffery E. Forrest   of 18024
 
Yeah, but with TA I sold my options when USR was at 80 3/4. I probably would have missed out on 7-8 pts without my charts.

>>>it doesn't take TA to figure out that USRX was overbought:<<<<

I wanted to take my profits REAL bad. I had already tripled my money, but the charts told me to hang tough. 7-8 points later and they screamed sell.(Monday night) I sold yest. morning at the open.

Makes a rather good case for combining TA and Fundamentals. (starting to become a believer in Arch Crawford/astrology type trading as well. His record speaks, no... SCREAMS for itself.)

I believe in using EVERY tool available.
Jeff

PS: You shouldn't dismiss such a powerful weapon just because you have a feud going with a "certain technical analyst" ; )
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