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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Tami who wrote (5710)	3/4/1998 2:02:00 PM
From: LastShadow	Read Replies (4) \| Respond to of 120523

RXSD Since you asked my opinion in an email, let me 'splain to the thread that the quesion was what did I see in BA and RXSD. My response was, "Sell RXSD. Now. BA is trending upward, so as long as it stays above 50.75, it looks okay- today it was at 52 when I checked. The problem is that it goes through wild swings andhas already risen very high. You can take the chance that it will coninue up, but set a stop tonight at today's low - if you get that stop filled, you can always reenter. the risk is that if this one tanks it will go to its low of a couple of months ago - and that won't be fun." As for RXSD, I looked at the daily chart and saw that the low point from yesterday was below the trendline, and then looked at the 5 day intraday and saw that it had some strength carrying it down. Then I looked at the real-time and the bid and ask were dropping. I figured it was pretty safe to tell you to sell now. We often tend to look for something small and telling in a stock - news or forecasts or intraday movements. Sometimes, especially when a stock is new to us, like RXSD was for me, the easiest thing to do is look at the daily chart and ask, "Whre does this look like its going?" If you do that first, it can save you hours of analysing something that only 'may reverse.' My experience, for what its worth says its better to buy in AFTER its at least started an uptrend reversal, and certainly to sell when a negative reversal starts. The profits I miss are inconsequential to the loses I have had trying to get in ahead of a reversal that didn't happen... lastshadow