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

To: JKraft who wrote (19500)	7/17/1998 3:40:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79270

Joanie, HBOC has been a consistently performing stock. Therein lies the rub. After a careful analysis I must come to the conclusion that....wait a minute...let me relate some very recent (7/14) correspondence I participated in regarding NSCP to give you the proper perspective so that you will better understand what I will tell you concerning HBOC. ..."As the voice of wisdom that you are, would you calm the storm over Netscape concerns?ÿ I am in at $43 ( a couple weeks ago)ÿ andÿ wonder if I should get out or hold?ÿÿ This drop is becoming alarming. Your opinion would be greatly appreciated, as would your time.ÿ Thanks very much." My initial response...: "The first mistake was chasing after it so high. Don't compound it by selling too low. When this round of volatility is over you will be in a better position to assess the situation. I'll run a TA on it tonight and see what I can find." My response after looking at the technical profile of NSCP: "Technically, the buy signal for NSCP is still quite valid. Try not to sweat the volatility. I know it's not easy but it should pan out well." NOW...for HBOC... You bought HBOC at a price that would be considered "chasing" it. Stop doing that. The technical profile of HBOC suggests to me that the worst is not over. If it breaks below 28 1/4, it could wind up looking like AND. Doug R