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Strategies & Market Trends : Point and Figure Charting

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To: Electric who wrote (4983)	7/22/1998 4:37:00 PM
From: Judy	Read Replies (2) of 34811

Thanks Electric RMBS, QCOM, CMGI, IMNX are story stocks to roll in and roll out of for trading when their story ebbs in and out of favor with the market. I post about stocks I believe in and figure that good traders are nimble enough to make money from them. Look at my post to sonki on the Stock Attack thread on CMGI, testing breakout at 83ish. Intraday range today was 80-89, traders pull the trigger without hesitation ... in and out. Investors would just hold because watching the stock would unnerve them. Investors do their own research and take positions at a good entry point and hang on waiting for that pot of gold at the end of the rainbow. An investor makes 2-5 baggers on some story stocks and take complete hits on others. Whatever works. Added to CSCO today.

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