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Technology Stocks : Meade Instruments Corp MEAD -- Ignore unavailable to you. Want to Upgrade?

To: Sampat Saraf who wrote (133)	3/30/2000 4:37:00 PM
From: Walkingshadow	Respond to of 175

SS-- I think what I just posted a minute ago should answer your first question. As for a price target, I wouldn't know where to begin to set one. I have no real clue how analysts and such like go about setting them, but I do know that they are constantly revising them, and then re-revising them <ggg>. My game plan is to follow the technicals, and when the technicals turn south and sell signals appear, then exit. Since the 10 day ema seems to be solid support, I'll probably set a stop just under that, which would be 59 7/8. If I'm stopped out, so be it. If not, I'll just ratchet up the stop as the 10 day ema changes every day until I do get stopped out. That way, gains are preserved, and downside risk limited. askresearch.com An alternative support level would be candle support, i.e. the mid-point of today's tall white candle, which would be about 72. A stop at this level incurs greater risk of being filled just on intraday variation, however. But, if you've got a hair trigger with this one anyway, this might be the best stop point. All IMHO, of course......... Walkingshadow