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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Duke who wrote (28645)	4/21/1999 2:28:00 AM
From: Doug R	Respond to of 79180

Hi Duke, Sorry to take so long responding about CADE. Patience is still in order on it. There are stocks that present opportunities to average down on in situations where patience is called for. I believe CADE is one of those stocks. Not that this is the time to average down on CADE. If it goes lower still, then some more accumulation would be in order. For now it's kind of in the middle. Initial entry here would not be a bad idea if one were to also be aware that lower may still be possible and as such, a strategy to spread investment out if necessary was already decided on. If one had initiated at 2 1/4 or so, a lower price should be waited for to take better advantage while, at the same time, if it doesn't go lower, one would already be in place at the lower range of the price. It's awfully rare to buy into a patience situation AT the bottom. As long as you're in the lower range, the potential you bought into is the same. If the lower range extends itself to absolute bargain levels, by all means, take advantage of it. Doug R