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Strategies & Market Trends : Stochastics -- Ignore unavailable to you. Want to Upgrade?

To: Jason Loren Bauer who wrote (420)	4/1/1998 3:04:00 PM
From: Wayners	Respond to of 927

On SEEK I fully expected a downward break. Didn't happen though. Those are the risks of betting on very narrow/pinched bollinger bands. You can only guess as to the breakout direction and using the stochastics you can probably get it right 60% to 70% of the time. The rest of the time you lose and lose big. Its always better to watch for the breakout direction on volume and THEN jump on board.

To: Jason Loren Bauer who wrote (420)	4/1/1998 3:57:00 PM
From: Dwight Schwarz	Read Replies (1) \| Respond to of 927

On SEEK I had additional info which I didn't pass on that led me to believe it would go up. A fairly savvy investor with a big following had announced he was buying at 18 1/8. He is following buyout rumor on street of 32 soon. That alone is not enough to get me to put money on any stock but that along with Stochastics touching 20 led me believe it was ready to start up again. Question now is when to sell. I have always been pretty successful in reading entry points but greed and or stupidity gets me on exits. Look forward to you guys reads on when to exit should be based on Stochastics. Remember I only have paper money on this so no pressure to be right or wrong.