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Strategies & Market Trends : Option Trades -- Ignore unavailable to you. Want to Upgrade?

To: CatLady who wrote (357)	1/8/1998 7:55:00 PM
From: BALWINDER SINGH	Respond to of 2341

If you have a software to analyze charts then you can go in and check its momemtum and William%R indexs, which are clearly showing the momemtum has been broken and the RSI also looks negative. The %R is indicating that it is overbought right now and will dro fast if any bad news come. The change in momemtum i.e. break in the upward trend is usually very good indicator for me and this looks like ready to fall. I may be wrong but the risk reward ratio is very negative, you probably wo'nt make as much money from this stock as much you stand to lose. That is the point I am making, it is a great company but it does not look good time to be in it, my opinion. Another stocks that might interest you :PAIR, PLXS. I bought because the risk reward ratio is good they have gone down quite a bit and there downside is relatively less than upside. Good luck Bal