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Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?


To: P314159d who wrote (34704)11/17/1999 3:40:00 AM
From: Doug R  Read Replies (2) | Respond to of 36349
 
P,

I trade "the target thing". SYBS as a trade would have been a walk last week. MANU I like. I have for some time.
As for PAIR....and NOVL....they both exhibit the same long term chart formation. It's the one I mentioned in my first post on this thread. I have rules for trading this pattern. At this time there is another stock with this pattern that became a buy on Tuesday.....MLIN.
NOVL's final target is its previous alltime high as is PAIR's final target. It's a matter of the short term ups and downs that dictates trading the group of stocks with this pattern.
MLIN's final target is just over 20. I buy 'em when they say buy...I sell 'em when they hit the short-term "target thing"....which for MLIN is 9 1/2 tomorrow and rising at the rate of over 1 point/week.
Here's one of my lists of stocks with this pattern. Not all of them meet every requirement so be selective.

techstocks.com

Doug R