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Technology Stocks : Motorola (MOT) -- Ignore unavailable to you. Want to Upgrade?

To: Yaacov who wrote (886)	4/2/1998 9:04:00 PM
From: Mike Vincent	Respond to of 3436

Hi Yaacov, I position trade ie I go in when I get a signal and I wait for the reverse signal to come up. This year I have got the following on MOT 20 Jan Buy 11th Feb sell 11th March buy 24th of March buy All positions would be entered the following day if the highs/lows of the days of the signals are broken. I took the 11th of March signal and bought some Calls.If you look at the chart, you will see the days are pretty accurate.Now lets see if the last one holds true to form. So far so good. I therefore do not subscribe to the thinking of staying for years. Note however if a Sell signal is given, and the market continues up, I get back in. Ofcourse there is a chance of whiplash, but more often than not it seems to work for me. The price of 72 or 73 is roughly 2/3 of the retracement from the 90 high to the recent low. It is not based on a signal - just a guess that the Fibonacci 2/3 retracemnt may take it to this area. However, if it gives me sell, I will exit. MOT dropped in the last half hour today after doing quite well . Any reasons you know? Regards Mike