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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: Connor26 who wrote (175478)	6/26/2008 4:29:11 PM
From: lexi2004	Read Replies (1) \| Respond to of 208838

AEHR...sorry for not answering sooner. Love the float - less than 7M. No debt and have $ 6 M in cash. Using the one year chart and the low of 5.41 - 11.20 the fibs are: 1.618 = 14.78 1.27=12.77 1.00 = 11.20 .382 = 8.99 .50 = 8.31 .618 = 7.62 .786 = 6.65 So, buying on the retrace, you often figure 50% retrace as the rule of thumb,so you could start a position there. If it retraces .618 I often add; however, if it dips below the .786 you have to question if the trend is down. Lexi