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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: kathyh who wrote (51861)	6/24/1999 12:38:00 AM
From: Sosmartinov	Read Replies (1) \| Respond to of 90042

So Stan, looking at that last chart, it seems that when PTEK goes up it's only for a short time.......is that likely to be repeated, ie. can you tell from the chart or is that past the data?

To: kathyh who wrote (51861)	6/24/1999 8:14:00 AM
From: stan s.	Read Replies (2) \| Respond to of 90042

>>>have to wonder about such an enthusiastic admission of guilt.<<< just wondering if you were paying attention! <g> Actually I decided when I bought SCUR that it was totally speculative. Stocks in a bollinger squeeze simply follow different rules and often not always, trend down within that long flattish pattern before they finally break. It's not unusual to see a fairly significant downside drop right before a pop. Bollingers are still narrowed by 80% or so. Some early momentum indicators have signaled an early buy but again in this kind of pattern they don't mean a great deal. Anyway I'm holding 'til something develops. This could go on awhile, I hope not. Also, even if SCUR collapses I haven't lost enough to hurt much. It's a risk but a relatively small one. By the way I can send you some stocks that had very similar patterns before the upside break, if it'll help allay any fears. Ummm, course I could send ya some charts with similar patterns...just before they went bankrupt. I'm kidding.............kinda. <g> I'll keep ya posted! By the way I made a quick visit to Glenn's site, very nice! Stan....home for a few days.