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

To: R. Ramesh who wrote (8022)	11/20/1997 1:53:00 PM
From: David Graham	Respond to of 79449

R.Ramesh, I did not do my DD on BOSCF as that was right about when I started following this thread, but RECY is about as close to a sure thing that you are going to get in this market in MHO. Grammy

To: R. Ramesh who wrote (8022)	11/20/1997 2:44:00 PM
From: Dave H	Read Replies (1) \| Respond to of 79449

SEEQ.... Many of the POW's are up but I am looking at SEEQ which is about a 1/4 down. Is this a buying opportunity or is there something else? Ramesh, I quickly looked at SEEQ's chart -- SEEQ is still at the very bottom of it's uptrending channel line and is continuing the test it made two days ago. Today the channel line is at 3 1/2 -- so, a close at or above 3 1/2 would be important. A strong support line for SEEQ is at around 3 13/32, which is today's current low, and it has held nicely. However, if SEEQ doesn't hold above the bottom of the uptrend channel, I'd say it would be time to sell. Otherwise, I'd hold on a little longer. Also, personally I wouldn't buy more until SEEQ can confirm it will rebound off the bottom of the channel. There's a good chance it won't so buying more at this point could be risky, especially if support at 3 13/32 (also being tested) doesn't hold. -dave

To: R. Ramesh who wrote (8022)	11/20/1997 5:50:00 PM
From: majormember	Respond to of 79449

Ramesh, I too am learning the very best way. That is to accept your loss on a stock that is not performing NOW as you had expected it to. Already sold my SEEQ at a loss, but made it back going into RECY. Certainley,SEEQ is a great stock and at some point will clearly go up THERE WERE SIMPLY BETTER OPPORTUNITIES IN THE SAME TIMEFRAME Also bought TRIBY expecting the good earnings would propel this very excellant companies stock up. WRONG!!! Sold at a loss and bought SNRS which more than made up the loss and has considerable upside potential. It is difficult to cut your losses, both financially and the emotions that come from looking/living with a stock so long. I think the truly successful investors are the ones that have the ability to bail out when they see there are better buying opportunities out there, IMHO. Skane