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


To: yard_man who wrote (11411)12/13/1997 11:12:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 18056
 
Barry: The stock has been halved, but they just made a new low, so it is broken and in a down trend. If I owned it I would weather the next two days (which might be quite nasty), but then try and ride it to about 11.5 to 12 on the year end rally January effect. After that, I think it may sink again. I waould also have a mental stop at around 8.75 or so, in case we are going down staright, since it could drop all the way to the area of 6 or lower. It is in a definitive downtrend and I have never learned how to determine how far these down trends go.

Zeev