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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: AlanH who wrote (17197)10/29/1998 4:28:00 PM
From: Judy  Read Replies (2) of 42787
 
Alan, cmgi is now a momentum trade, to be enterred based on the 5/13 emas, profits to be protected with a trailing stop gain. Note it bounced off the 5-day ema of 53ish today.

For me Cmgi as a positional trade is over since most of the internet news is out, re: eBAY, AOL, AMZN. I enterred a positional trade on cmgi earlier and placed a trailing stop gain once it hit 60ish, was stopped out recently. Technical target is still 65ish but I don't know of remaining news or fundamentals that could fuel this rise, but momentum is left.

I am not watching cmgi at the moment, the trading capital has been redeployed elsewhere.
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