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

To: sammy levy who wrote (459)4/4/1998 11:36:00 AM
From: freelyhovering  Respond to of 927
 
Sammy--AILP--It depends on your time frame. Intermediate and long term, the stock looks wonderful. It has support in the area of @2.50. Friday's action did not injure any of the TA that I watch, as far as I could see. What happened was that it hit its old high of 3.22 and didn't have enough juice to go thru it. After 3.22, there is nothing but sky! I would bet that it will make it the next time. IMHO. Good Luck. Myron



To: sammy levy who wrote (459)4/4/1998 11:45:00 AM
From: Wayners  Read Replies (1) | Respond to of 927
 
Another $3.00 stock? I got a sell signal on it on 4/3. Its in a nice uptrend. I'd heed the sell signal because the volatility is very high by its historical standards. I'd expect a countertrend drop. No biggie, you sell now and buy back in on the next buy signal provided the uptrend is still intact at that point like at $2.75. Another option is to stay in the trade unless it drops below $2.75.


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