Due Diligence - How to Investigate a Stock Message Board

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Strategies & Market Trends : Due Diligence - How to Investigate a Stock

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To: Don Pueblo who wrote (165)	4/5/1999 12:41:00 PM
From: ckern	Read Replies (1) of 752

TLC, I appreciate your post #24 and have found your direction on RSI charts very helpful. In trying to apply what I have learned, I have found it easier to identify the sell signals than the buy. A case in point is today's chart on MRK which has fallen on news that Propecia sales have been lackluster. The RSI is at 30 today having hit 35 several days ago. Volume has been light. At what point would MRK become a buy, or would you wait for this quarter's earnings? TIA

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