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Strategies & Market Trends : Contrarian Investing -- Ignore unavailable to you. Want to Upgrade?

To: MACD X who wrote (820)11/24/2006 7:36:24 PM
From: pcyhuang  Respond to of 4080
 
Vernon:

Thanks for posting the bullish and bearish version of the charts on CWTR.

I do agree that CWTR may have a point or two risk on the down side from here. But I think that the fundamentals
of the situation is too overwhelming to wait for the perfect moment. An appropriate tactic to build a position in CWTR, like the other picks, is to be ready for an average-down position after 5-10% down draft.

pcyhuang



To: MACD X who wrote (820)11/24/2006 10:55:00 PM
From: pcyhuang  Respond to of 4080
 
Vernon:

> "the risk of picking a trendbreaker on high volume".

In technical analysis, havn't you heard of an event called "false breakout"?

I think that the current situation of CWTR is a good case in point. The trendbreaker on high volume is accompanied by a large short interest, and unsually strong fundamentals. I think that in this case, the fundamentalists will ultimately win.

pcyhuang


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