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

To: Sergio H who wrote (3029)	7/28/1998 6:51:00 PM
From: Bo Murphy	Read Replies (1) \| Respond to of 3563

We must also take into consideration the traders who are unloading after an unsuccessful earnings play. That, coupled with the decline in the entire market, is enough to shoot down any stock short term. CADE fundamentally is the same stock it was a week ago, and I doubled down today at 2 7/8.

To: Sergio H who wrote (3029)	7/28/1998 10:01:00 PM
From: James Wright	Read Replies (2) \| Respond to of 3563

Sergio -- No offense back, but you are incorrect. I didn't post "after the fact." I posted my sell the day it happened, and reiterated my thoughts again today. In addition, the general market had nothing to do with my TA analysis or my decision to sell. I would have sold CADE once it broke below its long term support level of 3 1/4 on heavy volume even if the market was shooting to the moon. In fact, I was buying heavily today into the general market decline as I pick up stocks that are showing strength by holding above their lower support levels. I like making money short term and long term. I don't hold stocks that start showing bad technical factors, regardless of how good the fundamentals may be. I also don't care if the bad technical factors are caused by the general market, the phase of the moon, or what Monica may say about Bill. Nine times out of ten, breaking a support level on high volume signifies a period of extended decline and I don't try to rationalize away that fact based on an emotional attachment to a stock or a reluctance to admit that I didn't make money with the stock. I've seen it all before: The hold 'til hell freezes over crowd riding their stock into the mud and taking offense when others point out the simple truth -- it makes more sense to preserve your capital and sell when a stock begins a down trend and then, if the fundamentals are still good, buy back when a bottom forms. -- Jim