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Strategies & Market Trends : LastShadow's Position Trading

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To: LastShadow who wrote (681)9/28/1998 1:59:00 AM
From: David Meyer  Read Replies (1) of 43080
 
HI Last - in your message you state
"LCOS closed at 35, and that was near the high for yesterday, if the stock doesn't open up on Monday, then it is probably in a local reversal."
What does local reversal mean? I own some that I bought at 27 1/8. Looking for near to 40 which I see a resistance. Would it be wise to hold thru the "local reversal"?
Thanks,
dpm
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