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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: SirAlexx who wrote (1278)1/29/1999 2:43:00 AM
From: Stock Watcher  Respond to of 52051
 
SirA; on DCHT; I'm sure Harvey will enjoy reading all the posts on his addition to the thread.

You obviously have an intelligent approach to investing if you chose XYBR over a year ago. I'm with you on technicals, fundamentals and valuations. We've been though manic buying before and it's just a matter of time until the pendulum swings the other way.

On ACTC; this is a tough one to figure out. Fundamentals look good for a $3 stock; but it hits a brick wall @ 3.875 every time. After its last run to $4; it quickly retreated back to its prior trading range (and below). Something isn't right here....thanx for your input
sw



To: SirAlexx who wrote (1278)1/29/1999 3:09:00 AM
From: Lennart Steiner  Read Replies (1) | Respond to of 52051
 
SirAlexx your statement:

Right now, I am sensing a trend change in DCHT, and the volume is there to back the theory. All we need now is that strong close over 2 1/4 and I think it sets us off to $4.00. it doesn't surpirse me that the fundamentals are shaping up at the same time.

How can you say that "the volume is there to back the theory" with 11,000 (!) shares being traded today?

P.s.: I am very long!


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