Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Cade Industries -- Ignore unavailable to you. Want to Upgrade?

To: Upstock who wrote (3021)	7/28/1998 3:31:00 PM
From: James Wright	Read Replies (3) \| Respond to of 3563

I know we all have our own styles, but I don't understand why anyone would hold a stock once it drops below a long-standing support level. CADE did this when it broke below 3 1/4 on heavy volume the other day. This was a very, very bad development from a technical standpoint, and I got out at 3 1/4 on the next up tick. I love CADE's fundamentals, and likely will re-enter once it bottoms out. But right now the technicals are in control, and they don't look good. CADE is a good lesson of what happens when you focus only on fundamentals but ignore technical factors. -- Jim