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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Backfill who wrote (4674)7/11/1998 11:43:00 PM
From: wizzards wine  Respond to of 34811
 
Backfill, VST is a RS in X's, your friend as in X's indicates that the stock is doing better than the broad market...

The 2 at 15.5 are a double top and a move to 16 would give a double top buy signal. The previous tops at 16 have multiple sell signals between the new signals and I would look at those 16 as resistance and not in the frame of a triple or Quad....though Tom or Jan may correct my way of thinking...

If we look at the vertical count for a target, we get 16.5 so I might let this one go to 17 and then look for a pull back for an entrance..

Sector has had a nice reverse back into X's from a long ride down in O's to the 30's if I remember and thus should have a long ride back up to the 70ish area.

The big differance here is that this one is in RS X's and the sector has just reversed back up versas HAL was in RS O's and the sector is still in O's and going lower...

We continue to find that if we follow the sectors rotating up and follow the stocks that have not violated the trend lines as HAL has we get a greater risk to reward ratio..

Later

Preston



To: Backfill who wrote (4674)7/15/1998 11:06:00 AM
From: A. Invester  Respond to of 34811
 
I work for a major oil company who has a huge contract with Vanstar
to update all our computers which is about 60,000 units.
This company sucks in my opinion for the following reasons:

1) Customer Service is Terrible
2) They have overpriced every unit and they don't stand by their word.
3) Many of us employees purchased units for our personal use and they shipped old, used, mismatched crap from their vast junk pile.
4) They will do anything to lie, cheat and take your money. Just try
calling their service and help lines. You will get a bunch of rude, ignorant people who don't give a damn about their company or the customer.
5) They are on a fast track but I don't see any future growth if they continue to SCREW people left and right.