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Re: Re:INTC->Head and Shoulders?

  • To: "wayne walusiak" <Wooglinx@xxxxxxx>
  • Subject: Re: Re:INTC->Head and Shoulders?
  • From: "Richard Estes" <restes@xxxxxxxxx>
  • Date: Thu, 18 Dec 1997 11:18:37 -0800 (PST)

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What did the chart say for your trades?  Did you refer to it when you got
the calls from broker or set stops? Don't you have an indicator or system
that fits your mindset?

Maybe we should never take advice from someone that will profit off our

Richard Estes
-----Original Message-----
From: wayne walusiak <waynewal@xxxxxxxxxxxxxxx>
To: Wooglinx <Wooglinx@xxxxxxx>
Cc: altag@xxxxxxxxxxxx <altag@xxxxxxxxxxxx>; metastock-list@xxxxxxxxxxxxx
Date: Thursday, December 18, 1997 12:45 PM
Subject: Re:INTC->Head and Shoulders?

>My investment counselor Manhattan Corp of Denver, Colorado got me into
>INTC at about 76.25. True to form from previous advices the stock went
>down about 10%+. I was out of the country and when I got back it was
>near 69 and some change. Put in a stop at 68.25.They hit UsAir(U - in at
>47.375/out at 55.0625) and Alaska Air(ALK-in at 31.3125 out at 36.5265)
>at a good price and made a profit on it, but they also got me into
>Walmart (WMT-at 40.0625). Seems like every entry they've gotten me into
>this year drops 10-15% before it goes up.
>The biggie so far was Netscape (NSCP) in at 37.75 and still in at
>@26.00....wish _I_ had put the stop in...they predicted it would go to
>47.00 and told me to hang on at 42.00 for their forecast rise.
>Am I nuts or what !!!! A fax goes out today to absolve them of all
>further trading responsibilities...
>Question: Do I 'hang on' to NSCP now or blow it off ? Same with Walmart
>? All answers are without responsibility to the giver for any losses.
>Thanks !
>Wayne Walusiak