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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Spreck who wrote (1818)	1/11/2002 9:01:44 PM
From: Susan G	Respond to of 8752

That question has kept me from holding that stock more than a day or two since it was in the 30s <g> It had one incredible bullflag breakout the other day, I pointed it out on SI the night before. I haven't looked at the chart since then but I will this weekend... Here's a chart from the other night. I posted it to someone who posted that chart patterns have no predictive value as far as predicting stock moves. I tend to disagree <vbg> home.earthlink.net It's one of my favorite to scalp, but I could have just held on for an easy double! There was an over valuation call in the thirties or so that shook me out, as I had bought in the 20s and wanted to keep it. After buying in the teens and letting it go in the twenties :( It's one of those stocks that makes traders consider giving up doing long term investing <g> The market hit a short term top in the past few days, I would be careful and use a stop but I can tell you it's ! out of only 2 things I'd buy on a big slam day when everything was tanking hard and I was up to catching a falling knife. So far, it has always bounced back. But stocks that go parabolic usually collapse - but this one has the earnings and products to back it up. But the only real reason it's so high is the small float. Shorts got trapped all the way up, it never dips hard enough to break because they buy on every dip, traders get in on the short covering move up and back it goes again! There's a few stocks like this around, they drive shorts bananas!