Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 178.94

-0.9%

Nov 21 9:30 AM EST

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To: Tony B who wrote (1531)	12/9/1998 10:35:00 PM
From: StockOperator	Read Replies (1) of 56535

M. Scott - I use Supercharts by Omega. Their products are very solid and they have a broad price range to choose from. I use one of the their basic packages and receive my end of day data from Dial Data. I do not use Level II or do not receive real time data over a feed. A good book to read is the Visual Investor by John Murphy. DM - I didn't see the news on REDB regarding the potential merger. Sounds interesting though. I've been following the company for about six weeks and I've been watching the trend develop. When I break down a chart to find a buy point I usually start drawing my trendlines over the long-term to get the big picture. Although I believe that the stock is ready to breakout its tough to say what your buy point should be - the stock could run tomorrow out of the gate and its never good to chase any stock. The point that I think is important is that anyone could have established a nice position in the stock over the past couple of weeks at much lower prices while determining the best possible prices for yourself. The only thing that is needed is a little bit of patience. Keep an eye on some of the stocks that I've recommended and watch how their charts develop. Am I right all the time? Of course not, but then who is. I like riding along with the insiders and by charting I'm trying to buy as low to the bottom as possible so that if I am wrong I sell them my downside is limited. Tony B - If you look at a long term chart of ACLR you'll see a stock that has been going down for the past two years (the chart actually looks like REDB) over the past couple of months the stock has been trying to find a bottom. Its difficult to describe but just like REDB many of the trends I see that have been driving the price down are converging in this area on the chart. I know this doesn't help you much but this coupled with the insider trading leads me to believe that we are close to a breakout. Let me add that stocks trading under $1.0 are extremely risky because many are doing reverse splits to maintain their NASDAQ listing. Cookie Monster - Welcome aboard. I've been following a little Co. that is headquartered in Canada but has their stock listed on the NASDAQ. WARPF, I believe they are also in the internet arena and the stock made a serious last summer (.20 to 5.0 in three weeks) and has lately been consolidating in a very tight range around 1.70. Any info that you might have, especially rumors would be greatly appreciated. Thanks StockOperator

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