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Dow Jones S&P 500 NASDAQ 10-Year Note
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Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
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RealMoney.com : FaceOff - Gary B. Smith


Don't Add DoubleClick to Your Portfolio

By Gary B. Smith
Special to TheStreet.com

12/06/2001 07:39 AM EST

Boy, I just don't get the case for DoubleClick (DCLK:Nasdaq - news - commentary - research - analysis). As I've said repeatedly in this spot, I'll even stipulate the fundies might have a point. But even given that, if you have some serious overhead -- and that downtrend line has proven to be serious overhead for DoubleClick -- why not wait until it's closed comfortably above it?

You see, trading is all above stacking the odds in your favor. Personally, then, I'd rather buy a stock that has just taken out a downtrend line, and that I know is strong, rather than buying into the story.

Sure, you might give up a few points, but over the long haul, you'll save yourself a ton of pain by waiting.

Note: As a result of many requests, I've started offering monthly trading seminars at my home in Bethesda. The sessions go from 10 a.m. to 4 p.m., and the audience is limited to eight folks per seminar. These seminars are a terrific complement to the new Chartman service, and all attendees have found the time very well spent.

If you're interested, shoot me an email, and I'll send you more info. The next available seminar is scheduled for Jan. 18.


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Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes



Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. At time of publication, he held no positions in any securities mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith writes six technical analysis columns for TheStreet.com each week, including TSC Technical Forum each weekday, and Technician's Take once each weekend. While he cannot provide investment advice or recommendations, he invites you to send your feedback to Gary B. Smith.
Read our conflicts and disclosure policy.
Order reprints of RealMoney.com articles. Top



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Sorry, the page you requested could not be found

Sorry that you couldn't find the page you wanted.

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Content Search:

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TheStreet Directory

Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes