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Politics : Idea Of The Day
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To: Labrador who wrote (23508)2/17/1999 1:34:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
I don't follow this stock closely, the drop is severe it is like a falling knife but what I see in this updated recommendation I would be inclned to watch this stock closely on the way up but not before 35 is taken out..http://www1.zacks.com/cgi-bin/ShowFreeCompRepCHARTS?pdx.
I would rather be a part of gaining momentum than trying to catch the bottom, most of the time such severe one day drops lead to a period of low level consolidation and renewed pressures as late comers Fund managers exit en masse as result of a steep decline. So I would recommend averaging only above 33 and entering new positions at 22-231/2..
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