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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: Ken Adams who wrote (3116)2/18/1999 8:46:00 PM
From: Ken Adams  Read Replies (2) | Respond to of 39683
 
Thread...

At the risk of sounding like I'm hyping, I have to call attention once again to one of my long term holds. Frontier Airlines. Getting ready to move out, IMO. At least take a look.

FRNT: timely.com

3 quarters of profit, good management and nice outlook, assuming fuel stays low and it looks like it will. TC, forgive me for doing this! <g>

Ken



To: Ken Adams who wrote (3116)2/18/1999 9:03:00 PM
From: Ken Adams  Respond to of 39683
 
All,

Here I am trying to beat a dead horse, maybe. TC and I have been in and out of PCMS recently. I just wanted to point out that this stock is now in an area of a "perfect" 50% retracement.

I wish I could display my WOW chart which shows the retracement and several Gann angles. Many of these come into play here. I'm also encouraged that OBV remains pretty strong, in spite of all the recent weakness. Also, stochastic is turning up from very low levels.

My plan, once again, is to place a buy stop just one tick above today's high, or 6-15/16. If this sucker reverses here, it could be a nice move. I've made some good money playing these 50% reversals, so if this one plays out, it could be good. Exercise your own DD here.

Ken