To: Eric Mason who wrote (7 ) 5/25/1999 8:57:00 PM From: Ronald P. Margraf Sr. Respond to of 144
Hi Eric, I follow GGNC regularly. I download it every night. Checked out the charts now that you have brought my attention to it. I hate to say this but, the charts stink.;-) The way I see it, it will probably continue to go down over the next week. After that, will have to look at it again. You know how T/As are. They change in a hart beat.;-) As far a FTET. Well there are some new developements but I still think it is destined to the 90-100 range before we see a solid upside on this. Will have to do some homework to confirm my opinion. If the homework prove wrong or right, then I will have to decide whether to take a new position on it. Not convinced that this is going to be a new run. BETT now on the other hand is starting to show promise. The charts are improving and my originial target of 80 looks good. If and I say if, something comes out of the front office in the next few days, this could blow through the 1.00 mark. Now that is a real dream but the fundamentals are there to carry it. We are getting good strikes for low volumn. It only a matter of time before the traders pick up on it. I really think this is going to be hot by the end of the week. Wed. will tell the story. OH!!! Thats tomorrow.;-))))) If it holds or moves to the upside and can break through the 70 barrier, then 80 is a piece of cake.;-)))))) I will be happy but sad at the same time if it does. I trid to increase my position the other day but didn't like the spread. If this pops, I will be pissed. I will have lost my trading position.;-)))) Don't really want to loose what I have. Gut feeling is that this is going to be a blow out. Could be wrong. Been wrong before but the program says not now, (wrong that is). The charts are improving. The MACD HAS CROSSED OVER. The momentum is up, the price is up, the directional is holding steady. MHO is that this is Mt.St.Helen.;-))) If your thinking about getting into this, I wouldn't wait to long. If you can get into this in the 50s go for it. It is a good deal. My first exit is 80, but I might have to change that if the program tells me otherwise. Well, I guess I will check you on the upside. Later, Ron ps Glad to have you aboard. I feel much more comfortable having you here then on the e-mail. We can talk freely here.;-)))) R