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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (15218)3/8/1999 8:10:00 PM
From: Diana  Read Replies (2) of 34811
 
Hi ho Super Jer:

Re CMGI retracing 1/2 the high pole . . . in a perfect world, it should. But Wetherall is playing this stock like a harp what with the earnings, possible split, possible surprise earnings or big news, not to mention the great press they got recently at the analyst meetings. I can't imagine when it would retrace . . . . tomorrow morning or 2 months from now. I stayed on the sidelines watching EBAY when all common sense and market behavior said it just couldn't continue up.

I hate being prudent and poor.

So I'm going to watch this puppy with my eyes glued to the screen. If it starts skidding out of control, I'm out. It seems I always sell too soon so this is my test case for "holding on to the winners". Wish me luck.
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