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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Jason W who wrote (7264)	5/20/1999 12:37:00 PM
From: Kevin Shea	Respond to of 57584

Jason... I track IFSX on my IPO volume studies, recently I moved it into alert status based on my algorithm....furthermore, now that I have looked at LOTS of IPOs it remains pretty consistent that they begin to move just after they hit their lowest volume days at price lows....when entering these issues it is most wise to wait for the 60 min chart to provide some signal....like a break over the MA ..that all came together on 5/11 -- 5/12 for IFSX ... it then rushed to its high, tested and fell back... now the big question will it retreat or fall back.. one buy signal might be when the bid exceeds 21. My approach is to wait until the market tells me what it will do with this stock... for example, WEBT has reached a turning point today... but stock is down... need to watch closely to see if (When) it turns... Do not buy stocks based upon the opinion of others....