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

To: chambourcin who wrote (2137)	2/4/2000 8:45:00 PM
From: Wade	Read Replies (1) \| Respond to of 2272

Good for you David. You must be a multi-millionaire by now. I don't think any one know the top. Based what I learned from Stan Weinstein, the best way to get to near the top is to place sell stop at the price below 40 week MA. This kind of super stock need a very wide breathing room for corrections. I think you know it better than I do. It is tough to place a sell stop on a thinly traded nasdaq stock like NANO. But, I think at least we can exercise a mental sell stop which can be plotted on the chart. It is also wise to take some profit or move the sell stop closer to the price, when the price pattern is tighter and looks very topping. Use support line to guide us to place the stops safely below this line. I also use sector leading indicators such as AMAT and KLAC to monitor the top of this sector. They are more heavily traded, therefore, it is easier to use TA on them. Nevertheless, there is no way we can find the take over offer signal. That is not up to the TA analysis. I do not know the true potential of NANO but I will let the market guide me to place my stops. Hope you enjoy the profit. Good luck and take care. Sincerely, Wade