Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE -- Ignore unavailable to you. Want to Upgrade?

To: aadenis who wrote (819)	12/26/1997 11:38:00 AM
From: James Strauss	Respond to of 2377

RECY.... >>>Can you give some insight on what they are saying over on the Charts with an attitude trading in an out thread the reason is I have some shares on margin at 7 on Recy.<<< ************************************************** Denis: The name of that thread says it all... "Trading in and Out"... When you watch every tic, you don't hold stocks for long periods... This separates the trading from investing mentality... On a short term basis RECY has showed some price weakness... This is normal for a stock that has gone up almost 1000% in a year... The longer term trendline was violated to the downside recently, but the short term lateral trendline at 6 1/4 has supplied good support... Normally I would favor the longer term trendline... But, with the angle of price Ascent so high, it might be misleading... The shorter term lateral support at 6 1/4 held very well during some of the darkest days of the current market slump... So... This carries more weight with me... Also, 1998 will be the year of multi-hundred Million Revenues... So... There is more to come on the positive side that short term traders haven't accounted for... Bottom Line... RECY For The Long Term will make its investors money... Jim