To: Paul Weiss who wrote (3073 ) 3/10/1998 6:40:00 PM From: stan s. Read Replies (3) | Respond to of 7054
Paul, of course it's a broken chart. Apparently you only like stocks that are trading over their 200 day moving average. Good for you. To each his own. If you looked at the charts and read the comments, you noted and then apparently dismissed, the repeated mention of momentum signals i.e. short term signals. The only way I would play this stock is by keeping a close eye on the very short term moves....until the shroud enveloping the company is cleared, for better or worse. That's clear in the comments and the many caveats I've given along the way. By the way I am playing this stock. Since last Thursday. A drop this precipitous on what MAY be rumor....seems to me it's worth a look. You want to be the first to suggest I'm only showing the positives for personal gain You won't get far. Read my old thread....no one ever thought so. You don't either. Read the comments Paul, I've even suggested Mr. Pink go long and short to increase profits. Again as the signals dictate. "A chart this bad takes a long time to repair, wouldn't you say?" Yes Paul I would....and if it does repair why not make a buck or two on the way back up. If you don't like buying and selling on short term signals then don't. Never have I claimed this is or should be an investment. Investments and trades are different matters. It's too early for me to make a call on this one. It does however look good for at least a short term bounce. You know that. It dipped to 10 1/2 on Thursday. Four up days in a row. Sounds like you're playing to an audience. I've never seen a thread with so many odd motives. Anyway these are not legitimate questions you're asking but rather, accusations of some kind, couched in interrogative terms. One of the reasons I decided to post some TA on this thread was I noticed a short who appeared to be in a quandary of some sort as to a next move. I posted a chart to show this down trendline was broken.....it doesn't mean the downtrend is definitely over....but it was a signal that shorts might want to rethink their strategy. Your response is of course that I want the shorts out for my long position, right Paul. Look at the charts Paul...short it to 6 1/2....it'll get there......if the books are cooked. Good luck, Stan