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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Chris who wrote (9066)5/29/1998 12:57:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 42787
 
i am thinking about shorting TXN...have you been following it?

+Al Serrao (3261 )
From: +P&F-Madness
Thursday, May 28 1998 11:15PM ET
Reply # of 3274

Hi Al,
Regarding TXN.
The sell signal at 51 is a big one. Let's hope it holds at 52. It is worth noting that the
daily/weekly momentum is negative and the monthly is less than .5 point away from
being negative.
Next support at 40.

Take care,

Jan I am



To: Chris who wrote (9066)5/29/1998 1:06:00 PM
From: Judy  Respond to of 42787
 
I sat on my hands not to jump on PFE at 110 when OJ was waving his hands BIG TIME to join the fun. Watched with pleasure while the flippers joined the fun and hopefully bailed with profits.

But for me, call options were too expensive for the tail end of a run, especially because I am not inclined to do very fast trading like Jenna and OJ and might have missed the window for profit-taking if I could not watch PFE. And the stock was not at a proper entry level for an investment position. btw, a long-term portfolio requires proper entry, and an expectation for the stock over a specific investment horizon so one can hold/fold with comfort.



To: Chris who wrote (9066)6/1/1998 12:59:00 AM
From: Nancy  Read Replies (1) | Respond to of 42787
 
Chris,

PFE at 114 is NOT a place to initiate a LT position esp when sector/market entering a corrective phrase. PFE should not be at this level this fast if not for the hype of Viagra, so the stock is ahead of itself. No new drug release has ever had this much hype & controversy, you would naturally expect the stock will pull back after the initial hype and the momentum players start to look for other plays.

dont blame your parents' buy & hold decision, they just need to understand buy and hold doesn't mean you buy at any price - buy and hold works when you buy at reasonable price but not buy at any price - by that i mean buy at level where a 20-30% upside is a reasonable target within 3-6 months - that means you would only do buy and hold when good companies hit short term trough - then you get enough upside which allow you to cushion some temporary setback (or using Judy's hedging strategy), so you can hold on for bigger gain down the road - minimize tax burden too.