To: Smooth Drive who wrote (8855 ) 10/21/1998 6:10:00 PM From: Bwe Read Replies (2) | Respond to
Before I start off this message, let me start off by saying that you're the man!!!! That being said, let me make sure we're on the same page with regard to the RBSL for PFE. As you know, I get Chartcraft's Quarterly Options chartbook and hand chart and update from those. Often times, however, those charts will only go back 2 or so years in a stock that is fairly volatile. On PFE's chart, I was unable to see where the original BSL began. DWA's chart matched your chart if you'll recall our pm's, but the RBSL that I drew in below the $41 low after the two double bottom sells in March and April was my guiding light. In your post, you wrote about a sell at $42. I'm assuming you meant at $41 in April. Whatever. I started my RBSL at the subsequent low, coincidently at $41, 4/97. See Figure 9-2 page 157, the chart of Buffets, for an example of how I drew in PFE's RBSL.
