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Non-Tech : PSUN A new breakout at $30+! -- Ignore unavailable to you. Want to Upgrade?


To: Duane L. Olson who wrote (699)12/20/1998 2:59:00 PM
From: E. Graphs  Read Replies (2) | Respond to of 1622
 
Duane,

I imagine that PSUN will continue to be technically unattractive for a while longer. Have basically taken my losses and gains here. Have taken plenty of gains over the course of the stock's rise since '96, but now it seems to be truly down there with the dogs, technically. IMHO a retest of the 12 area would not surprise, but neither would a rise to 20 and perhaps one day a full recovery.

My problem is that I have sworn off bottom fishing, so I am on the sidelines at the moment; and as much as I like the company, believe the funds have killed the stock.

My Lesson: never ever ever to hold a company's stock again that is 98% held by funds. I remember pointing out the high percentage to you just after I discovered it early last summer. Sure, it was GREAT when the funds were accumulating from 6% all the way to 98%, but see what happens when some of the elephants leave the bathtub!

I imagine those who are good at bottom fishing might do well here. I am just not good enough at it.

Otherwise, I have been enjoying my CMNT mentioned here back in November. Duane, you won't believe the chart on that one. Still doing well with NSCP, ATHM, BRL, PSEM, CMED, and some others.

Have been lurking the GEM thread. Sometimes find a good stock idea there without a lot of hype, and it can be reassuring to see my own ideas mentioned there. I've also found the MDA thread to be very good for general market direction analysis. For semis try the FSII thread, especially Donald Wennerstrom's posts.

Have really been enjoying some free time.

E!