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

To: Ms. X who wrote (1859)	3/17/1998 11:54:00 PM
From: David N. Jones	Respond to of 34822

Jan thanks for your thoughts....THQI has been very profitable for me and I fortunately stuck to my game plan and sold all my holdings at $28.00 after a blowout earnings last quarter. Subsequently THQI announced that they would not be renewing the licence for their biggest selling game title and the stock collapsed. I have taken a position again at $18.00 as the FA is still solid and having followed the company for some time I felt comfortable holding the stock again. $18.00 looked like the support level from a P&F perspective however would a true P&F strategy have been to wait for the the first three box reversal up? ECGOF has been a dog for me however my concern with selling now and taking my loss is that I feel I will be making the classic mistake of small investors by selling at the bottom(had I known about P&F when I made my purchase I can with the benefit of hindsight say that I would not have made the purchase :) oh well.....) thanks David