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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (9586)	8/30/2001 4:56:26 PM
From: Jibacoa	Read Replies (1) \| Respond to of 13094

<<With OBV having flattened out for LPTH>> <<The daily chart shows a steady decline in OBV...MoneyFlow has been negative... This makes it pretty hard for the stock to gain much ground in the short run...>> Jim: I agree that LPTH doesn't look good on the daily chart and as you said money flow has been negative. But as James was pointing out, sometimes you can buy them when they are beaten.<g> LPTH has been on an steady downtrend since April 20. That was the day when the attempt at "recovery" that started on April 6 at the 10.25 level, topped off at 19 (Somewhat short of a 100%, but not bad for a two weeks run.<g>) As I mentioned in my previous posting (9575) it seems to me it gave a clear buy signal on the 15 minutes chart at 3.15 PM on Aug.28 with pretty good volume (290,400 shares were traded in 15 minutes as the price moved form 2.55 to 2.77) I was able to buy some at 2.80 around noon yesterday and sold at 3.80 a couple of hours latter as I think you can't be greedy these days.<g> On the 15 minutes chart the OBV has not dipped too much and the stock held today better than I thought it would (taking into account the DOW & NAZ performance ). I wouldn't buy it again unless it starts moving over the 3.77 level with increasing volume, and of course, in that case, with an stop loss at the 3.67 level.<g> I would also sell it if it can't go over the 4.07 resistance.<g> siliconinvestor.com RAGL Bernard