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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?


To: bcrafty who wrote (53820)3/7/2002 10:38:12 AM
From: Drbob512  Read Replies (1) | Respond to of 100058
 
bcrafty: As I pointed out to my TA Tutoring student, GNSS gave several specific signals that made it an excellent risk-reward ratio for the intermediate term, albeit a risk to retest 22.50 or even the 20 long term support was possible. Several of my former TA students have also gotten into GNSS not far from the bottom based upon TA they learned in class.

So I had 4 points risk and 16+ points potential reward, and will be an excellent trading stock on the way up, to do my incremental trading based upon many signals, including parabolic theory and volume reversal theory.

Besides the technical signals, GNSS has outstanding LT prospects. I do pick stocks from a fundamental view (like I have picked NVDA and INFY to go long on last October) but trade them from a technical one, of course.

Good trading,

Dr.Bob