|
PureBytes Links
Trading Reference Links
|
Jim,
Do you have a target and/or timeframe in mind?
Thanks in advance, Dave
zdave@xxxxxxxxx
-----Original Message-----
From: Jim Greening [SMTP:JimGinVA@xxxxxxxxxxxxx]
Sent: Friday, January 29, 1999 2:24 PM
To: Metastock
Subject: Replaced AMZN with ATHM
All,
AMZN was trading below my stop this morning, so I closed it and replace it with At Home Corp (ATHM). ATHM just broke out to a new all time high this morning after trading in a sideways channel for a month. Prior to that, it was in a strong up move for several months. The combined moves formed a wide Short Term Up Trend Channel (STUTC). It's currently in the middle of that STUTC. The PDI-MDI just dipped negative Monday, then turned around a re-entered positive territory Wednesday. The ADX and MDI are in a position to qualify for a buy signal, but we won't get one since a buy signal is already in effect from several months ago. I'm going to let this one run and set my initial stop way down at 90 3/4 just under the bottom of the STUTC. To meet my money management rules with this stop, I took a smaller position than normal.
JimG
<< File: ATT00005.htm >>
Attachment Converted: "c:\eudora\attach\RE Replaced AMZN with ATHM"
|