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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Francois Goelo who wrote (20403)	12/1/1999 11:45:00 PM
From: StkProfit$	Read Replies (1) \| Respond to of 52051

Exactly, and as a long term VALUE investor, you are DA MAN! (Along with our beloved SW, of course.) I am not generally a long term value investor...rather I have worked for three years on developing a successful method for dependable short term trading. I only started using this method the second week of November...if you were to look at all my posts which state a purchase...what's my record? So far I missed on COOL, and I had some non-method penny investments earlier in the month...that's about it for minor losses. Regarding FRTI, my FRTI valuation is derived from it's short term PPP, as I intend on trading in/out of each purchase in 1-5 days...normally just ONE. As such...FRTI had it's best PPP when it was under $6/share imo. NOW, at 7 3/8, what potential do you see as MOST LIKELY this/next week? 10? 12? or 7 1/2-$8 1/2 as I currently value it's PPP for this week. I love FRTI...but I do not see news/volume/price evidence that says something WILL happen this week. The stock symbol change helped push the price to 7 3/8...now what? The volume wasn't there today...therefore I cannot assign a LIKELY mover to it until the VOLUME is there...say an early 30k+, with a price barrier of 7 3/4.(I love the new modifications to the free section...still waiting on Bullsession to get improvements on ease of addition/subtraction of stock symbols.) Regards, -Mark