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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Eric Van Buskirk who wrote (7436)11/11/1997 10:24:00 AM
From: ivan solotaroff  Read Replies (1) | Respond to of 79371
 
WDC

Eric,

Man, I feel for you. I was put on hold with my broker trying to buy WDC in the low 40s--what was it, TWO WEEKS AGO!?!?? Got disgusted with the pre-recording of Jewel singing "And I was meant for you," slammed the phone down, then tried again half an hour later. It had already dropped a couple of teenies, and the bell went off in my head. It was only the sheer obnoxia of that fake grunge voice that saved me from your fate.

The temptation to average down must be tremendous. Maybe check out Doug's posts re PGDCEBs (Post-Gap Dead Cat Exhaustion Bottoms) for ideas on when to make your next move in WDC. Sad to say, but you got you a dead little pussycat on your hands for now.

Ivan