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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (17770)4/13/1999 4:53:00 PM
From: Dave Shares  Read Replies (1) of 34811
 
Hi Jan,

Thanks for CAMP. I took profit on the trade at 5 from entry at 2 3/8. I'll look for the pullback, and if not, c'est la vie.

A couple that I've been following for your perusal

BNYN, moved nicely last week, pulled back, reversed back to Xs today.
I traded it last week, got stopped out, have re-entered. Closed at 16 7/8, stop at 15, looks like a PO of 22 1/2.

BGF (Alien Tech mentioned this one) has several internet holdings in addition to its core business. Not sure if this is a double top break or a catapult. The only issue I see here is that using the price objective rules, the risk/reward may not be good enough. But I am intrigued that the company has internet properties and I believe one that has not IPOed, so maybe it could eclipse the PO.

Anyway, for what it's worth. Always happy to share info.

Be well and thanks,

David
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