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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (10926)1/21/1998 8:31:00 AM
From: ivan solotaroff  Read Replies (2) | Respond to of 79264
 
Max90:

"P.S. I ask what is holding that flagpole?"
Like they say, I guess it's all those people who keep saluting it. As a knowledgeable shareholder, I expect you know: acquisitions, acquisitions, acquisitions. In addition to its ACT, it also has three clearly recognizeable uptrends supporting it.
Thanks for the warning, but I'm shorting ABTX the first minute I see a clear profit to be made. On full margin, there's close to a 30% profit to be made down to its major support level on the ACT. As I've seen from stepping back from RECY (a similar run-up, I feel, based on a similar enthusiasm for acquisitions), once the ACT goes, the potential for profit is limited only by individual deftness.
Ivan