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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Rooster Cogburn who wrote (17473)	5/23/1998 10:47:00 AM
From: Cube	Read Replies (1) \| Respond to of 79270

Rooster, May I offer a sad story of mine as something for you to think about: I own CXIM, which is a stock that had (company induced) rumors of a buyout for many times what the company was worth. I bought it at 3. The company went so far as to announce Robertson Stephens as the investment firm that was going to handle its attempt at "enhancing shareholder value." In a few days it went to 8. My broker said, "you'll be a fool if you sell at 8, the investment bankers have told us 12 at a minimum or they wouldn't have even bothered to do this deal." Well, the deal never did happen and I still own 1/2 my position now at 3 right where I started. The moral in my most humble opinion is this: Though technical analysis is sometimes wrong, rumors are FAR more often wrong. And in this business you need to play the percentages. By the way, all my technical indicators showed a breakdown at 8, but I didn't want my broker to think I was a fool! Sounds like an AA meeting with all these confessions doesn't it. "My name is Cube and I'm a stockaholic" -"HI CUBE" Cube