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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: BoNg-N-BoNg who wrote (419)	9/16/1998 2:47:00 PM
From: Terr	Read Replies (1) \| Respond to of 43080

QuoteTracker accesses Datek using SSL - actually it's impossible to access Datek's quote servers without using SSL.

To: BoNg-N-BoNg who wrote (419)	9/16/1998 8:58:00 PM
From: BoNg-N-BoNg	Respond to of 43080

re: COMS..someone emailed me why I sold at this point even though the trend is still going up.. For quick short term TA, COMS intraday high resistance is around $32.812 on 6/25, closing day high resistance at $31.375 on 8/20..its forming a triple top right now which consider bullish intermediate term when it breaks the top..it needs to close above the resistance mentioned in strong volume to continue the upward trend..I believe it will likely happen after the earnings report next week..I think COMS will be volatile this Friday due to triple witching (sp?) which is more likely a daytraders dream..but beware though, there should be another retracement more likely after earning report because of "buy on rumors, sell on news" mentality plus it's up significantly since its low of around $23...I think that will be the time to re enter for position trade again after the retracement especially if the earnings are good or better and better forecast from the company in the next few qrts... btw, I entered COMS at $25 1/4 a week 1/2 agoand my target before was $30-31 range so on my part I'm taking a profit...besides, my problem sometimes is I tend to sell earlier or buy too late.. good luck.. just a thought.. eL... p.s. here's a post from Ray few days ago for another perspective on COMS... Message 5737638