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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (10859)	3/5/2000 2:20:00 AM
From: bdog	Respond to of 12039

Hi Mike, usually the talk around here is basic TA and individual stocks are not discussed. Although I think it is great to take a stock and tear it apart technically this way for all to learn and contribute. On the other hand it can become a place of touting stocks too. Feel free to bring it by the 56 thread though. This latest Bio Riot going on sure has a lot of them looking like SNAP. Nice runup. Quick selloff. To me it is in the reset mode. It has higher highs, higher lows. A healthy little uptrend. A natural progression up with the fear of was the last high the top? Stop wise for me I would be nervous if it took out thursdays low. Then more nervous if it filled latest gap. Then I would run for cover if it took out last low round 7. 13 to 7 is 46 %. That is a heck of a loss. People are selling cause it hurts when you bought it at 17 something... Some will only limit themselves to 5-10%. So thurs low of 11.5 minus a quarter would be around 13% plus comish Time frame also is something to consider. 2 Hours, 2 Days, 2 Weeks, 2 Months or 2 Years would make a difference on the type of loss you may want to endure as you consider upside potential. bdog