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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: bdog who wrote (20146)8/4/1998 2:40:00 AM
From: Doug R  Read Replies (2) of 79263
 
Befuddledog,

AINN is below the uptrend that would define "smart money" confidence.
Averaging down is a strategy that should only be employed when entering a turnaround prospect (such as TLK). It should never be used to mitigate a loss that has been realized while chasing or adding to a prospective momentum play. From what I can gather, AINN reached the minimum short term target and subsequently failed to confirm the intermediate and long term projections that were technically identified,. I may be wrong but when confronted by the chart, there is little reason to depend on AINN. As the market finds itself over the next month or two, better opportunities will, and judging from recent offerings to the thread, have begun to, arise.

Never fall in love with a stock.

Doug R
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