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Pastimes : The 49 Tickers -- Ignore unavailable to you. Want to Upgrade?


To: Wayne Rumball who wrote (52)4/1/2000 9:23:00 PM
From: ChrisJP  Read Replies (1) | Respond to of 60
 
Hi Wayne ,,,

I'm the last guy to know which stock is gonna double the next day, but I do know a few things.

I checked out some of the stocks you posted and basically the rule is that stocks that are heading down keep heading down. Stocks with low PEs that are heading down are usually an indication of lack of investor (i.e institution) confidence in their future prospects. I learned this from direct experience with TACO and MTON.

This is why I like to look at technical charts. More often than not the tell a story that you can't get anyplace else.

Strangely enough, one of the stocks you found, CERI, is actually making and interesting move from the bottom of $3.50.

siliconinvestor.com

The chart says CERI is a "buy". I'm not saying the chart is right, I'm just telling you what it says. I also can't say how high it will go before it says "sell". Not very high IMO.

The fact that CERI made a technical bottom last week, and rose from $3.50 - $4 during a miserable week for the NASDAQ, is enough to get me interested. It appears to be making a bounce from an oversold condition related to its earnings report earlier in the month.

............

So what the heck did Mytrack do ? "Swallow" a trade, meaning execute your order, deduct the amount from you account, and then "forget" you bought the shares ?

My Schwab account has a transaction log that goes back many months. So if there ever were a question about a position I held or an order I made, the log would show what the system did for (or to) me.

Mytrack must have the equivalent feature. Even if they don't have one you can see from your software, the database they use logs all transactions. If you are not getting satisfaction from them, I would start asking for a computer tape backup of their transaction logs from Friday. If they do not keep database transaction logs, IMO you will be able to sue them for negligence for waaaaaaay more than $100K.

Regards,
Chris