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To: Jon Tara who wrote (6462)12/4/1997 4:41:00 PM
From: CHIP HUNTER  Read Replies (2) | Respond to of 13925
 
Jon go back and refresh your mind about what you said to me when i said the stock topped out around 29 on the friday after comdex... You said the stock was going to 35 then you changed your mind the next day and said the stock was being accummalated in the 29 area.... Then you changed your mind and said it might fall to the 24 area but probably not that far.... You said it might go down but not alot like I said.... Jon i said all this based on TA before it fell to 20.... Jon i said this when the stock was at 28 3/8 the friday after comdex... then on monday the stock had some strength and rallied over 29 so once again i did not pick the exact top but i was close. In any case it has fallen over 30% since comdex Jon!! I hope you weren't not long Jon....Good luck in your future investments Jon!!



To: Jon Tara who wrote (6462)12/4/1997 5:07:00 PM
From: virgil vancleave  Respond to of 13925
 
i agree with you on following chip or anybody else for that matter. i won't even give advice to the guys at work who keep asking me what i am buying and why. i like anyone else (including brokers and analysists) am not always right. trick is to be right more than wrong and know when and how to make money in any market situation. down, flat or up.
i do honestly have a degree in calculus and am a follower of technical analysis as well as fundamental analysis. both will work and usually work very well together. ta will give you buy and sell points as well as support and resistance levels and the trend. i like yourself fail to see what chip saw but if he has not covered he will more than likely not get a chance at this level again. support in this area is very strong and fundamentals looking quite good.
i have read your posts before and find that you are also pretty good at reading the charts. hope your trading continues to be profitable.