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Wong, don't mind, but wouldn't you be subject to the "cheap price fallacy"? I
mean you want your investment to go up without much effort isn't it? So why buy
things that seem to be losing value real easily and have to struggle like hell
to go up?
Just a question...
Gwenn
wong wrote:
> Hi All:
>
> Here's another potential candidate for bottom-fishing. (We're still not
> yet there, though.)
>
> Attached for daily and weekly charts of TLCV (TLC Laser Eye Center).
>
> Note that TLCV trades at NASDQ. It also trades at Toronto Stock Exchange,
> and the symbol is TLC-T (for Dial Data users) or TLC.TO (per Yahoo website).
>
> Again, I have my averging down buy system here, heavily optimized.
>
> When either of the wb trend indicators cross below the buy level (cyan
> line) and then cross above it, then the first buy signal is triggered.
> Right now, both wb indicators have crossed below the buy levels and hasn't
> yet crossed above them, so we don't have a buy signal yet. It's possible
> the stock has found support around the $ 12 1/2 area. If so, hopefully,
> within the next week or so, there may be a buy signal...
>
> On the weekly chart, the price is below the lower wb_Keltner channel, and
> the slowd (14 weeks) remains below the oversold line. So essentially, on a
> weekly basis, there isn't any turnaround situation yet.
>
> But if one looks at the price history, one would notice that TLCV was as
> high as $52 some time in July 1999. So IF eventually there is a
> turnaround situation, it could be quite interesting...
>
> Here's an extract from the Yahoo website on TLCV:
>
> "TLC Laser Eye Centers, Inc., owns and manages eye care centers throughout
> North America and, together with its network of eye care providers,
> specializes in laser vision correction for common refractive vision
> disorders such as myopia (nearsightedness), hyperopia (farsightedness) and
> astigmatism. The Company also develops and manages regional networks of eye
> doctors who refer patients to refractive centers and secondary care
> centers. The Company has developed regional networks of over 7,000 doctors
> who treat patients with eye care procedures at both refractive centers for
> laser vision correction and secondary care centers for advanced eye care.
> Since commencing operations in September 1993, TLC has opened or acquired
> 45 refractive centers and 17 secondary care centers in the United States
> and Canada. A secondary care center is equipped for doctors to provide
> advanced levels of eye care for the treatment of disorders such as
> glaucoma, cataracts and retinal disorders."
>
> For more info, please visit: http://quote.yahoo.com/q?s=tlcv&d=t
>
> If you like to trade the stock in TSE, then please visit:
> http://quote.yahoo.com/q?s=tlc.to&d=t
>
> By the way, TLC.TO is one of the components that make up the Cdn Biotech
> index.
>
> Finally, TLCV has options traded. The symbol is QKR.
>
> For options quotes, please visit:
>
> http://www.tradepbs.com/cgi-bin/dbsclient?TYPE=F3&TAG=01QUOTEquote
>
> Regards,
>
> Wong
>
>
>
> ------------------------------------------------------------------------
> Name: TLCV.gif
> TLCV.gif Type: GIF Image (image/gif)
> Encoding: base64
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