In reply to your questions:
Dear Mephisto,
The market is extremely overbought by all standards. Stochastic is sky
high, it's going to sell, probably next week, potentially 100-155 points.
I would keep my money off of the table without going short until the
pullback will spend itself off.
In regards to particulars: Netscape has a lockout release tomorrow
for the insiders. They can dump a lot of shares and bring the price
substantially lower. I would stay away from it for at least 48 hours.
Take in consideration your investment approach, this is not the stock
that will give you a good night's sleep altogether. It is mostly for
aggressive, fast moving traders.
ASND is a wonderful stock, a real winner. Again, short term it just
completed the run, I would sell it at the present price, 43-44, and rebuy
it in mid to upper 30s. CSCO will represent serious competition.
Quantum reported earnings, discontinuation of certain products, the
stock will probably be a below average performer. I do not follow
Seagate. Good luck.
--Magnifique |
