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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: David Fitz who wrote (16738)10/12/1998 9:51:00 PM
From: DanZ  Read Replies (1) of 53068
 
PAIR, PETM.

David,

If you buy PAIR, I'd suggest a stop at 5 3/4. It may run into resistance between 7 1/2 and 8. It closed today at 6 13/16 so the risk to reward isn't all that great. One thing that concerns me is that the lower and middle bollinger bands are declining. This isn't a real good pattern to go long on and I think there are better buys than this one.

I like PETM better than PAIR in the same price range. The stock has been basing at 6 1/2 and has resistance between 7 1/4 and 8. It closed today at 6 13/16. While the risk to reward is about the same as PAIR, PETM has been basing longer and the bollinger bands look better to me. For example, the lower band is flat and the middle band is rising.

Dan
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