Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 686.96

-0.1%

Dec 30 4:00 PM EST

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To: Bald Eagle who wrote (2792)	1/26/1999 7:34:00 AM
From: Dr. Stoxx	Read Replies (2) of 39683

Wow, what happened Friday? Bad news? Can I assume you bought in Thursday...? <ggg> Those who jumped on the stock as it neared 30 played that plunge very wisely. The stock has either based at or bounced off of the 30 level 4 times in the last 2 years, and hardly traded below it. There still seems to be a lot of selling pressure, and I would want to see the daily range settle a bit before committing myself. But if you are in, you are best to hold it for a while. It should get back up to 50 eventually. Strong uptrend. But I know nothing about the company fundamentally. Someone doesn't like something about it. TC. PS: I once interviewed at Nottingham U. Nice place. And I was a CADE holder for about 2 years (bot in at 1.25, sold after the big rise at around 3).

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