To: Retired41 who wrote (4712 ) 3/11/1999 5:33:00 PM From: CPM Read Replies (2) | Respond to
Retired, I have not done that much DD on the company, I am more of a T/A investor. When this stock was mentioned on SI a week or so ago, I started tracking it. The MACD & stochastics were very strong through the week, so I bought in late, not until 4 5/8, which leaves me with a nice profit. Trust me, I was a tad nervous when the intraday MACD & stochastics were in a downward trend. But, at or around 3:15, they took a sharp upturn, which eluded to a strong close, so I held, hopefully for a gap tomorrow. I am not saying that it is going to be the next ebay or amzn, because that is far from here. BUT...When I see strong indicators from my T/A I tend to follow them. I play it by ear, as I am a trader more than a LT investor. One more thing to add, the MM's can easily play with this stock, and yesterday, they did the old head fake, where they bring down the bid to lure a sale, or pull some of the stop orders to get shares. Today was a picture perfect repeat of yesterday, around 3:00pm they started lowering the bid/ask, to lure some shares from us. But when my T/A started an uptrend at 3:15 I was reassured that it was the same deal different day. I see strength in this stock at least through the morning of tomorrow as a trader, after that who knows either I will take my profit, or I will hold for the afternoon, and watch closely.
