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


To: Bo Le who wrote (289)7/17/2000 1:05:21 PM
From: eichler  Respond to of 409
 
Bo,
Thanks for the link. I have made it my personal policy (profitable too) not to trade off of the News! I do keep
up with developments, but I do not trade from them. The
charts (I have learned) tell me everything I need to know.
Example: LBRT had lots of positive news developments the last
few weeks but the "pop" only came on friday... the charts
foretold this with a break out of a wedge on the daily chart.
Keep in mind, even after LBRT broke the downtrend line to
the upside, the MMs had lots of fun faking out investors. I'm
sure it took nerves of steel to hang on for the breakout above 30.
Again, I will not be convinced of the ITXC run 'till the
current short term downtrend line on the 60 min chart is broken to the upside.
It could well happen, but the signal will confirm.
Regards,
Eichler



To: Bo Le who wrote (289)7/18/2000 12:30:19 PM
From: eichler  Respond to of 409
 
Bo,
Re: your recommendation yesterday ITXC
If I was to speculate on ITXC, I think I would buy now under
34, looks like 15 -60 min charts finding support here.
If NAZ holds here, 4160 support, you should be looking good.
Regards,
Eichler
P.S.I haven't done the homework but if you say earnings are coming out soon, this might be one of those sell the rumor, buy the fact kind of deals. Good luck.