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


To: James Strauss who wrote (20356)8/16/1998 1:43:00 AM
From: Michael Hanson  Read Replies (1) | Respond to of 79270
 
RE: TRBD, you posted this on August 9:

"I like TRBD... But, the Asensio factor has had its effect on the stock price... I took profits the other day... Less than they would have been without the Asnesio press release... I'm going to see how TRBD weathers the short storm this week... I may take advantage of a significant dip below 8.00..."

Coupla questions for ya. You've posted that you were buying this stock in the $17 range, as you stated in a 7/31 post below:

"I added to my position today... We seem to be headed into the 20's... We should get a real burst as the shorts throw in the towel..."

Disregarding the fact that TRBD closed this Friday at $6.21, about 63% off the price at which you were expecting the shorts to "throw in the towel," please explain how you "took profits" in the $9 range, when the stock at that time was about 45% off the price you said you were buying it.....