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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: Thomas M. who wrote (9905)12/1/1997 8:26:00 PM
From: Joan Osland Graffius  Read Replies (2) | Respond to of 18056
 
Hi Tom, >>Got a price target for MOT?

I use Stan Weinsteine's methodology for shorting stocks. As they rally and can not get back to the most recent rally and drop to a new low I put in a buy stop 1/8th of a point above this rally. This way I keep following the stock down until it breaks it's down trend. Right now my buy stop on MOT is $75.25. She is trying to make another rally here and if it is not successful and falls below $56 then I will change my stop to 1/8th above this rally. If she breaks the down trend and rallys above $75.25. I am out.

Sorry for the long discussion as to why I do not have a price target on MOT. I will try and squeeze every inch of blood out of this thing that I can.<ggg>

Joan