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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Ms. X who wrote (20444)5/26/1999 3:18:00 PM
From: cowboyfan  Read Replies (1) | Respond to of 34810
 
So CMGI is a short candidate here huh??? I like to think CMGI tested a triple bottom and held.... Splitting tomorrow...



To: Ms. X who wrote (20444)5/26/1999 5:03:00 PM
From: Judy  Read Replies (2) | Respond to of 34810
 
Hi Jan,

At what price level would a piffer enter a short for yhoo, athm and cmgi and with what downside targets?



To: Ms. X who wrote (20444)5/26/1999 10:53:00 PM
From: Tulvio Durand  Respond to of 34810
 
Evaluating the three candidate shorts, YHOO, ATHM, CMGI, only one of them has the desired 2:1 reward/risk ratio, based on following computations (using 5-box size):



YHOO ATHM CMGI

Value (5/26) 141 125 201

Price Obj. 145 105 90

Stop 180 170 260

Reward Pts. -4 20 111

Risk Pts. 39 45 59


Of the three, only CMGI has 2:1 reward/risk ratio.

CAVEAT: am novice piffer.

Tulvio