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Strategies & Market Trends : Point and Figure Charting

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To: Gottfried who wrote (9264)11/4/1998 12:17:00 PM
From: Al Serrao  Read Replies (1) of 34811
 
Gottfried, on occasion a stock will turn direction on huge volume.There is almost always a fundamental reason. In this case we have new management, a bankrupt competitor,updating existing product lines, and a DD group that have all doubled in less than a month.Does this mean IOM will keep running? We'll have to see. In this case the brl is at 8 and if it can be taken out decisively then price is confirming the story. If this happens we may see higher prices and I will add to my position.If not the stock will fade and I'll sell.Hope this helps.
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