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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Peter van Steennis who wrote (18481)	1/12/2003 11:55:09 AM
From: chowder	Respond to of 23153

Peter, >>> At what price do you exit PVN?? <<< I have enough profit in PVN where I can afford to let it run. It is now trading above the 200 dma and this is considered bull territory for a stock. I can afford to avoid the short term noise that comes along. If one were to go back and look at a chart of any long trending company, the one thing they all have in common is they successfully tested and stayed above the 20 period moving average. Using this guideline for DELL, as an example, you would have been in this stock through 4 1/2 years of its run, starting in 1996 through mid 2000. Here is a monthly chart to show you what I mean. stockcharts.com[h,a]maclyiay[pc20!f][vc60][iut!Lh14,3!La5,17,9!Lg10]&pref=G You will also notice the huge volume that accompanied the rise of DELL. When the volume dried up and the stock started to drift down, it was your first clue to get out. Closing below the 20 period exponential moving average was the knock upside the head to get out. PVN is now in the early stages of developing a strong uptrend. I'm going to use the 20 day exponential moving average as my guideline. As long as the stock continues to close above this indicator, I will stay with the trade. You will notice all the large up volume days as the stock has continued to rise. I will eventually switch to a 20 week exponential moving average as the price continues to climb. Thus, I will allow the stock even additional room to breathe and expand. stockcharts.com[h,a]daclyiay[pc20!f][vc60][iut!Lh14,3!La5,17,9!Lg10]&pref=G Good entry points on this stock are any tests of the 20 day ema, if the trend is to continue up. dabum