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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (1011)4/28/1998 9:42:00 PM
From: JoeinIowa  Read Replies (1) | Respond to of 13094
 
Jim,

It seems that many of the 13's have had quite a rise by the time they make the list and may be due for a downturn. If we like a 13 and think it is a short term play and hope to get 10-15% out of it very quickly than why not look at 13's we believe are overpriced and the same percentage may apply. I plan to keep closer track on the 13's I think are overpriced and will see where they head. Is the risk any greater than jumping in on a stock that has doubled in the last week? Any other commentary out there?

Joe