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


To: IsaacF1 who wrote (1078)5/1/1998 11:07:00 AM
From: James Strauss  Respond to of 13094
 
TRBDF....

Isaac:

It's not easy keeping your powder dry on a stock with a good story like TRBDF... The chart is there for all to see the gap in the 6.00 to 7.00 range... This means that people want to buy this stock based on the story... The counterbalance is the negative earnings which tend to pull the stock back towards the gap...

The initial run for TRBDF shows that it has the ability to run on good volume... The selling may very well be just as enthusiastic... The key here is we know what TRBDF can do when it runs... So, this becomes a positioning stock when the traders lose interest and drive the price down... We then get in near the beginning of a new cycle... During this time, Weeks, Months, the Fundamentals begin showing improvement, hopefully preceded by a strong technical move...

Jim