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Biotech / Medical : Biotech - Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert Rose who wrote (39)	4/2/2001 11:34:24 PM
From: Jibacoa	Read Replies (1) \| Respond to of 544

Robert: I usually look at a time frame of "weekly-charts" or "monthly-charts" to see what the long-range perspective or "primary trend" looks like. But after taking a position on a stock, I think one should be more interested on the "near term" perspective, since the "primary interest" should then be to try not to loose money.<g> As long as one did not make a mistake on the "entry point" is good to "let your profits run". But the main mistake to avoid is that of keeping with a "loosing position".One should always cut the losses short. As Jesse used to say:"In order to be right you have to stop being wrong"."It doesn't pay a man to be wrong." Don't be afraid to correct a mistake, there are a lot of "false starts", bear and bull "traps", etc. that can easily throw your timing off.<g> Sixty or thirty minutes charts are usually good to see the "near-term" perspective, depending on the stock's daily volume. How close to keep an eye on the action depends of course on the time available and the amount of money at stake.<g> I don't really know if that answered your question. Bernard