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To: mph who wrote (21876)5/12/1998 11:31:00 AM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
Well, VRC just dropped below 28. I would have said to open 1/3 to 1/2 a position for longer term investment at 28, but it moved yesterday on larger than usual volume, and today is dropping without much support.

I am waiting to add to my position and will look for truly distressed prices. But that's only because I have some already. You may want to consider buying in conjunction with supports on the OSX as well (VRC is a component).



To: mph who wrote (21876)5/12/1998 12:12:00 PM
From: RGinPG  Read Replies (1) | Respond to of 95453
 
I gotta tell ya that the stochastics trading thing is more of a timing thing rather than a pricing thing. Timing wise, I would wait 3 to 5 more trading days. VRC is now getting close to it's previous low of 27 and to fall below this would break the pattern of higher lows (which would not be good). The next support would be around 25 or so.


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