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: Sergio H who wrote (2102)	2/1/1998 10:17:00 AM
From: Doug R	Respond to of 2377

Sergio, The breakout in GTAX is most likely earnings driven. JTAX, as you know, was bought out recently and I think people are looking to catch a "son of JTAX". I think there's plenty of room in the market for GTAX's services. The fact that GTAX dovetail's tax prep and financial planning gives them an edge in that respect. I don't really expect GTAX to pull a JTAX but at this point you never know. It will be difficult to trade out of since the cup with handle breakout is shaping up so well. Also, my broker tells me there's a restriction on it that prevents any new short positions at this time. The IL on it is at 13 tomorrow and I half expect it to blow through it (maybe tomorrow, maybe on another day soon) before coming back to a more realistic price. That might give me a chance to trade it. I just hope when I try, it doesn't run away like WAXS did when it broke out. On Friday, GTAX put up all new short-term technical breakouts at really high levels. Monday will be interesting. Doug R