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Strategies & Market Trends : Stocks with 'Dead Cat Bounce' potential -- Ignore unavailable to you. Want to Upgrade?


To: ~digs who wrote (5)8/5/2001 8:28:24 PM
From: ~digs  Read Replies (1) | Respond to of 130
 
PCW: stockcharts.com[h,a]dhclyimy[pc40!c5!d20,2][vc60][iUk34,1,1!La12,26,9!Ll14]

This Asian ISP has done nothing but go down since it started trading in the US. I figure its gotta be worth something to somebody. Just printed an interesting candlestick on the weekly chart and has shown some subtle signs of life wrt a reversal. I would play this one as follows: enter below 2.6 and maintain a tight stop near 2.4 or so. Target = gap closure near 3 dollars.

So approx 40 cents of potential reward, 20 cents of potential risk. In general, if this ratio is less than 2:1 i will avoid the trade. 3 to 1 plus is preferable.



To: ~digs who wrote (5)8/7/2001 12:37:28 AM
From: ~digs  Read Replies (2) | Respond to of 130
 
Progress report for previously mentioned stocks:

KVHI: boring, sorry i mentioned it.

PCW: entry in the morning would have resulted in being stopped out per what i had written, ick... this one is headed for lower prices it would seem.

PRX: stock did not offer entry above 40.

ANCC: winner... low was .23 affording entry below .25 ... stock closed at 32 cents a gain of 33%... prepare to take profits

ATHM: closed at 1.20 which was focus price. Entry today for anticated run-up would imply a stop below the day's low ... at 1.11. Target = 20 period EMA on the daily chart = 1.69 and falling , which is also equal to the 200 ema on the hourly chart.