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

To: The Phoenix who wrote (12529)	1/7/2000 11:46:00 AM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 63513

I respect Auric's opinion a lot. ANCR may be getting into buying range.....ooops. Message 12498705

To: The Phoenix who wrote (12529)	1/7/2000 12:03:00 PM
From: Ms. X	Respond to of 63513

I've heard some nasty stories about GTC orders. People don't believe stocks will pull back, I don't mean you in particular because yours isn't as bad as some. I've heard of people putting in a GTC on a volatile stock for 5 dollars under the current trade price (whilst the market was soaring) only to find at the end of the day that after the GTC was hit the stock dropped another 20pts! Even worse than that!. TA can help with support levels for GTC's and they are good to use if you know the market is going to give back some. Put the GTC in one point above a major support and where the risk reward is good and see if it hits. That was cool AMZN executed under the GTC. But certainly if you don't like 'em, don't use 'em! I just saw JXM's post that ANCR might be a good buy here (from Auric). Auric does know fundies real well and I'd combine that knowledge with the TA to find a good entry. Like waiting for ANCR to create a bottom with some reversal up so we can judge where it is better. Looking at the chart on the larger scale which we use for volatile stocks, it has pulled right back to the BSL and broke it by one box. There is support here going back to December. It probably will bounce from here (haven't looked at today's figures), if it moves to 54 it may not be done selling off. If it moves to 62 (without moving to 54) it reverses up and if you wanted to leverage in there, it would be risky, but it could be done. I'd wait though.