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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (4151)	12/3/1997 9:44:00 AM
From: LastShadow	Read Replies (1) \| Respond to of 120523

ISCO and AXIM: The ISCO buy looks like it was a nice entry on an uptrending stock. As for AXIM, the chart looks like it was moving up two days ago, but failed and fell back. The resistance at 7 would have been my threshold to enter for a reversal. I'm not sure what you are asking about the close stop. The stock looks to move failrly widely on intraday prices, so with todays downturn it will probably get filled. If you didn't want it sold today then yes, its too close. However, if the stop order was for all the shares (including tyhe $9 buy), then yes, I would say that was too close. I would recommend the stop at $5 given the recent chart pattern if you think it will recover soon. lastshadow