Papa John's International Message Board

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Non-Tech : Papa John's International

PZZA 50.83

-0.8%

3:59 PM EDT

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To: Lemur who wrote (5)	2/4/1999 10:58:00 PM
From: Lemur	Read Replies (1) of 32

Parabolic SAR has switched over from a "Go Short" signal to a "Go Long" signal (this indicator switches back and forth a lot). MACD hasn't yet switched to a "buy" signal, but it's headed in that direction. I prefer to buy when both of these indicators switch from sell to buy. They are similar in nature (both based on exponential moving averages) but are constructed differently. The way I figure it, when they both switch to "buy", you're getting a nice, strong buy signal. On the other hand, I was pretty sure, based on simply looking at the price chart (with no news releases), that I should be buying when PZZA dipped intra-day into the high $38's. I was too slow to cash in then, but I wanted to see how far the price would rise from there before I got a buy signal from either or both indicators. I'm going to set a limit order at $40 1/2 & see if it can't get filled sometime soon. Otherwise, I'll be jealous of all the money you guys are making with me on the sideline!

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