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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Iceberg who wrote (17485)	11/25/1998 4:09:00 PM
From: tom pope	Read Replies (1) \| Respond to of 53068

Just sold 1000 of my ONSL at 60, leaving 200 (don't know why the last 200 didn't go thru, there were a bunch of trades at 60 at the close) Point of this is not to brag (tho that's nice too) but to give credit to Sue Slaine who first directed me to ONSL when it was in the low twenties. Thanks, Sue. Have a great Thanksgiving, all.

To: Iceberg who wrote (17485)	11/26/1998 10:53:00 PM
From: DanZ	Read Replies (2) \| Respond to of 53068

TIE. Ice, I disagree that TIE is in a downtrend. The stock has been in a trading range between 9 5/8 and 12 7/8 for the past five weeks. Between the week of July 17 and September 4, TIE was in a downtrend. The stock then traded sideways for several weeks before falling from 16 to 9 5/8 during the week of October 23. It has traded sideways in a wide range since then. I guess you could say that the intermediate term trend is down but the short term trend is sideways with support near where I bought it. I wouldn't say that I'm bucking the trend because the short term trend is sideways. The lower daily bollinger band is basically flat although it did turn down slightly on Tuesday. I don't consider this a big negative because the stock has held the 10 area several times over the past few weeks and it held there again on Tuesday and Wednesday. In addition, the money flow was positive on Wednesday indicating accumulation near the lows. Finally, the stock closed on its high and the chart looks very good to me as long as it doesn't make a new 52 week low below 9 1/2. With regards to your question about whether I factor in the overall trend in a stock before I buy...yes I do. I generally will not buy stocks that are in a downtrend if they are trading below their lower daily bollinger band and the next support level is too far away from the current price. TIE doesn't have that kind of chart, however, because it is trading above it's lower daily bollinger band. TIEs chart is very consistent with patterns that I like to buy on. The S&P futures are up 5.40 from Wednesday's close so it could be a firmer opening if the futures hold up overnight. I hope everyone had a nice holiday. I'm stuffed more than the turkey. Dan