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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?


To: Lost1 who wrote (3067)8/5/1999 11:43:00 AM
From: Jorj X Mckie  Read Replies (1) | Respond to of 63513
 
ACXM isn't a no brainer. When the NYSEBP turns south, you don't necessarily want to panic sell everything. Especially because traditionally we get a little bounce the day or two after it happens. This time is a bit of an anomaly.

ACXM bounced on support at $25, however with the lower high on the chart,it would appear that there is a little downside potential. Looks like lots of support at $22. Those negative earnings might be a problem though.

If I was holding ACXM, I would set a stop at $24 and buy some getyourassontheboatandterrorizethelake.com.

JXM