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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (19721)	4/2/1999 7:29:00 AM
From: Ron McKinnon	Read Replies (2) \| Respond to of 53068

Larry, gee, thanks a lot am I that addicted? ggg we often talk about not buying falling knives but at some point there is a day that the tape and chart says the fall may have ended we use terms like "leaving a tail" or "capitulation blow-off" that tends to mean that the last holders have given up, tossed in the towel; longs can not stand the pain any longer and sell in a panic at any price three interesting charts this week ASHW; 3.125 Wed, 3.812 high Thur; +22% CGZ; hit 8.375 Wed, closed 9.625 Thur; +15% HMAR; panic sell Thur; low 1.50 about 3:30 closed 2.375; +58% in the last half hour of the day