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Technology Stocks : CHRZ - What is the near term outlook? -- Ignore unavailable to you. Want to Upgrade?


To: William F. Wager, Jr. who wrote (223)2/20/1999 9:21:00 PM
From: Dataminer1  Read Replies (2) | Respond to of 443
 
Since taking my initial position in CHRZ and averaging down once, I am more confident than ever that I'm going to make big money in this one.
My PCA software is signaling another buy @$10 and a sell level of @$22. This corroborates the oversold condition in my opinion.
I am prepared to stick to the strategy under all circumstances and have allocated about 15% of my portfolio to CHRZ.

The only thing that could slow me down is if CHRZ remains in a tight trading range for a long time, however I have the option of reducing the range that will signal a trade. This stock is clearly undervalued compared to the indexes. Just look at the index comparisons to earnings,p/e,PEG,cash,growth(regardless of perceived slowdown),oversold condition, etc.

All in all, my opinion is that this is the absolute perfect risk-reward stock for my strategy, and I still believe in "buy when there's blood in the streets" and "buy low/sell high". In the future, once current emotions fade, the market will fairly value CHRZ at a much higher level. (IMO)

Check out the system I'm using to manage my real-life money in this stock.
stocksystem.com

In my opinion, it's not about diving madly into a stock using margin and risking everything. It's also not about trying to repeatedly scalp a few points off the latest momentum stock and moving on.
It's about carefully planned investments using more common sense and less emotions. In the end, a rational and patient technique may prove to be the best way in CHRZ. I have time on my side.

Great investing to all.