Bridges.com (T.BIT) Message Board

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Gold/Mining/Energy : Bridges.com (T.BIT)

BIT 13.11

-0.7%

Nov 14 4:00 PM EST

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To: LABMAN who wrote (418)	3/3/1999 8:02:00 PM
From: David Michaud	Read Replies (1) of 1249

BIT is not looking too bad. It is not unusual for a stock to stop for a breather. I can understand traders getting a little concerned with the down day yesterday - no problem - it is all part of the overall pattern. The pattern yesterday was bearish, but this happens after a run like BIT experienced. This candle pattern is called a STALL - the stock is allowing profit taking -- notice the low volume as well. Some trader try to trade this pattern, but jumping out and trying to get in cheaper - they also often end up missing the big move. So, in my opinion, BIT is doing just fine - it is going alot higher- my original trading targets are still very valid and I would not be concerned. It might stall one day - two days - depends on the supply coming out. The point is -- this is a very normal pattern that we have to live with if we want the big move - which we do. We are going to do just fine on this stock . Will post the TA each night for sure if you think it helps. Good luck today. __________ Stockhouse.com reprint

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