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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: Billy Bob who wrote (429)8/13/1998 2:38:00 PM
From: Dr. Stoxx  Respond to of 39683
 
Cossack,

PWAV is not a Befriend the Trend stock. It's most consistent trend is southward, I'm sorry to say. Simply put, its present price is below where it was 3, 6, and 18 months ago.

And I don't even consider sub-$5 stocks (and rarely buy anything under $25). I've been burned in the minicaps, and this market makes them especially vulnerable. It seems to matter little how strong the company is, they just are not going to give you the safe, consistent gains you can get from the big caps. Liquidity is extremely important in short-term trading.

TC.