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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: gancho who wrote (3893)8/1/2000 9:22:58 AM
From: mishedlo  Respond to of 30051
 
I have seen enough to know that it is not hooey.
It may not be perfect but what is?

TA folks predicted CREE would close the gap at 105 - look what happened. Huge earning and stock falls from 170 to 97.

Zeev or someone - any thoughts on PWER - I am looking for an entry point



To: gancho who wrote (3893)8/1/2000 10:01:50 AM
From: SBHX  Read Replies (1) | Respond to of 30051
 
gancho,

the holy one was 'crashing' intra-day. It was down 10% when zeev brought it up, as to whether that is a good buy for the day, that's up to discussion.

I think the idea is that if you buy 5 different stocks one day and are correct on 3 of them, you are doing well, as long as the losing positions are defensive.

As for trying to always call each stock correctly all (or almost all) the time, that's probably pushing it.

sbh


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