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Strategies & Market Trends : Charts With An Attitude; Trading In & Out -- Ignore unavailable to you. Want to Upgrade?


To: Doug R who wrote (3545)11/10/1997 1:50:00 AM
From: Instock  Read Replies (1) | Respond to of 4701
 
Doug,Ivan: Just my 2 cents on SGI. It looks to me like a possable turn around, but not quiet yet. If you are short term, I would short the stock. If you are long term, and you do not care if you might miss the near'er bottem, I would go long.
Me, I would later short it now and watch it very closely. Watch the direction of the stock and the volume. You see something there that indicates a price turn upward, cover and go long. You make a bit as it is going down further, and you can buy MORE shares for the ride up. You get a lower price, plus your short profits equal MORE SHARES LONG.

Even now the Price is to high for my pockets, but it was fun looking at it anyway!! Maybe I can go long with it when it hits bottem!!
Should not be too soon. hahaha
Remind me if you see it reversing trend or major GOOD News.

Hope I am correct, and you as well.

Just my late night ramblings.......

scott