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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (18666)10/28/2003 6:26:23 PM
From: fedhead  Read Replies (1) | Respond to of 57684
 
Typically I don't like buying stocks that get slaughtered
as there is no telling how low these can go. But if you do
want exposure to Chinese internets I would see if they can
manage to hold at their 50 day moving averages and bounce from there. (Institutions typically support stocks at the 50 day). If the 50 day cannot hold the next support level is
the 200 day moving average. If a stock can't hold the 200 day moving average it should be sold.

Anindo


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