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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: mrc who wrote (15444)	7/25/1998 8:31:00 AM
From: tom pope	Read Replies (2) of 53068

No opinion on HAIN at this time - I've played it twice now for a 1 1/2 gain each time (you gotta get lucky some of the time). The chart isn't too informative as to where effective support might be - the 25 level was about as useful as melted butter. All the oscillators you care to use are bumping along the bottom, daily MACD just went negative, nothing but gloom. Which makes me think that there may well be a bounce. Timing the bounce of course is the question, and my usual simple minded approach is to enter if the stock takes out the previous day's high, but with a really tight stop - if the price turns against you, it means you were wrong. I think Larry is the real HAIN guru, and I'd like to hear his opinion, if he's around and cares to comment.

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