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Biotech / Medical : Zonagen (zona) - good buy? -- Ignore unavailable to you. Want to Upgrade?


To: Myron David Kor who wrote (1235)12/22/1997 10:58:00 AM
From: taxikid  Respond to of 7041
 
look at the charts for stocks that have fallen significantly.. the temporary retracement.. up from the "bottom" is a bounce.. usually the stock falls further after the initial bounce.. sometimes it is a point sometimes it is 10 points.. an example is esol.. look @ chart from march 14-17
i caught a 35% bounce from fri to monday..
most of the time these bounces are immediate..
check oxhp.. and how it got to these levels..
be well and do a search on SI there is /was a thread devoted to this theory.. it is a bottom fishing/day traders tool
taxi