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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: tom pope who wrote (10816)6/30/1998 3:18:00 PM
From: LastShadow  Read Replies (1) | Respond to of 120523
 
PNF

Well, I got in at 2.875, and probably could have waited until it floored and saved an extra eigth, but with that sector, and this stock in particular I felt it was a great opportunity for the PTA. Assuming one is reading this for end of day trades, I figured I would either be a little early or a lot late. Ive been in and out of this one since 96. Last February (97) I bought it just under three and rode it to over 7, then rebought and rode it to 9 twice (once from 6, once from 7).

Its not a stock to daytrade, per se, but if you want to get 5k shares of somthing and see it at least double and maybe triple this is one fun one to ride. I actually only checked it weekly in 97 (although I wouldn't recommend that to anyone - I was traveling alot then) because of the light volume. It can bounce around for a month or two and frrustrate you if you are looking for fast money and easy to read technicals - you have to take a longer time view on this one.

lastshadow