|
PureBytes Links
Trading Reference Links
|
George:
If you want a retail stock, why not Ann Taylor (ANN) instead of BBY.
The chart looks much better to me.
On Wed, 5 May 1999 19:35:32 -0700, George wrote:
>All,
> I canceled my WMT buy stop since it closed below the channel and I'm no
>longer interested in it. However, I'm still way over 50% cash with stock
>positions in CPU, FLC, IOM, and SCH along with LEAP calls on DELL and ABT.
>I think it's time to start converting that cash back into large cap stock
>positions. I'm going to use the strategy I described in the weekly pick
>where I try to catch stocks bouncing up off the bottom of up trend channels
>by placing buy stops just above the previous day's high. I'm going to
>p[lace good to canceled buy stops on AOL at 134, BBY at 49, and C at 74.
>All three spiked below the bottom of their channels this morning, but
>reversed this afternoon and closed above the bottom. I'm hoping that's a
>sign that the channels will hold.
>
>JimG
>
>
>
>
>
|