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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?


To: Champolion who wrote (18177)7/29/1999 9:52:00 AM
From: LastShadow  Read Replies (2) | Respond to of 43080
 
PCNA would have to clear 5.125 and resume its uptrend to be a good postion play - right now it looks overbought and toppy



To: Champolion who wrote (18177)7/29/1999 11:16:00 AM
From: Susan Saline  Read Replies (3) | Respond to of 43080
 
you ask a question

>>>A great position play?

u get a response

>>>PCNA would have to clear 5.125 and resume its uptrend to be a good postion play - right now it looks overbought and toppy

u reply ...
>>> Really!? Is that what you think?<<<<<

We will see. I heard the same thing when it was at $1 5/8, 3 weeks ago. It is today over $4.<<<<<

.............
well
whoever said it was toppy at 1 5/8 .... IF anyone even did say that ... was not a chart reader ...
.............
penny stocks that hit 5 bucks are prime candidates for shorters

and so I conclude you come here to attempt to move an already run - up stock that is slowly headed back to 2

for ynot... our resident shorter: look to seee if you can get shares to short ....

and to champolion ... hope you are taking profits off the table ... and come back soon with a pick that has not already moved like that one ... we like to research and watch a bit ...