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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Ms. X who wrote (155)	1/28/1998 7:25:00 PM
From: lobster	Read Replies (2) \| Respond to of 34809

What are your thoughts on PGO its RS is buy since 4/96, it is trading above trendline, actually on the trenline, could not quite complete the shakeout(i think i am reading that correctly), sector is bull alert status(oil service) from fund side rated single best idea by an analyst at a major wirehouse(for what it is worth). Your thoughts, would you play PGO using a stop loss at 55 with breaks the support line or 54 which breaks double bottom or would you wait for a clear signal. Read about your cisco options, remember if you can't wait for the pull back, take a half position then buy the other half on pull back. If it does not hit, move to the next opportunity. Remember do not get attached. Later, Steve P.S. You are not interning anywhere are you? DWA maybe? P.S.S. We have a room. Received confirmation on that today. Now all I have to do is find it and I will post directions to it.