The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Theodore Johnson who wrote (22109)	10/16/1998 3:49:00 AM
From: Doug R	Read Replies (1) of 79243

Theo, The gist of it is, never avg. down on a stock when the reason for buying it was to jump into continuation of a momentum move. If the stock pulls back to where you think you're getting more cheaper...it's probably breaking down and the best thing to do is just get out. If it's just a nasty shakeout, you'll have a chance to get back in anyway. The type of stock to avg. down on is one that you know isn't going to just "go away" and has begun to bottom after a very nasty, prolonged fall. TLK became such a stock when it got down to 5 in the early summer. Heck, just because Indonesia is in pitiful shape doesn't mean their only telco is going to fold. Doug R

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