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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Magnatizer who wrote (1806)3/16/1998 9:11:00 PM
From: Magnatizer  Read Replies (2) | Respond to of 29382
 
Amigos y Amigas

RE: SRSL

Well the road trip is over and SRSL has had a nice little run. For traders of the stock the run may be over. It brings me great sorrow to bring this information to the thread.

Today the stock broke south of a symetrical triangle. This happened on light volume so the start of a short term downtrend could not be confirmed. However the indicators forshadow a weakening of the stock over the next 3 weeks. I am looking for a bottom in the 7.95 area. If that area is broken it could be trouble.

The indicators I am looking at are mostly short term. Only a couple of the long term have started to show the weakness and I still feel SRSL is a good INVESTMENT. I will however sell my trading shares.

I was hoping for some upgrades/news which would help to propel the stock even more over the past two weeks of the roadtrip as I still invest using FA and news. They have not showed yet, maybe this week. I still think SRSL is going to have a great year and will probably appreciate 40%+ from current levels.

still long SRSL
David