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

To: LeoSTI who wrote (20749)	12/22/2003 10:54:42 AM
From: kodiak_bull	Respond to of 23153

Leo, I almost missed your message, since it was addressed to my OMG co-conspirator, Esoteric. On EGHT, I think the more you see charts and study volume, the more you understand instinctively about where a stock is likely to run out of gas and fall and settle. I could go back and point out the incredibly good 4-day pattern at the end of November with 2 gaps in 4 bullish candles and the fact that the 4th candle was a spinning top, but I had sold at 6.69 (I had a GTQ order to sell at 7.23 but pulled it when my computer and cable began to simultaneously witch out on me) and thought the huge red candle on the first of December was indication enough that a lotta people were going to take their 100-300% profits out and review the situation. On its run it took out the light resistance at 6.25 and then hit an updraft that was too steep to maintain. It had to fall, of its own weight. Now, by the way, the base looks pretty solid and for those interested in this company and sector, it looks safe to buy. The one question I have here is how is the telecommunications sector likely to do, versus other sectors. If you think it has farther to go in 04 (the charts seem to say yes), then EGHT might be a good position to have. There is no real resistance once you get above 6.25 again, and a gentler northeasterly slope might be maintained back up well into the double digits (15-23 is what I see). JMVVHO, Kb