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Strategies & Market Trends : Lizard King's Trading Swamp

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To: TATRADER who wrote (186)7/25/1997 12:08:00 AM
From: LzzrdKing   of 7396
 
My phone lines failed me tonight and that would have been disastrous tomorrow, but they are working now. I guess Ameritech realized I would bomb the joint if they weren't fixed <g>.
Anyway I am way behind, but here are a few ideas

IPEC about to test support and 21 day.
OXHP-new high, split in this area 3/96. Should be announced any day and will be good for a few.
SGI earnings great-CPCI trades in tandem.
VVUS low risk entry, 21 dma bounce.
TLDCF looks to be breaking down, I would consider a short below 32. Going down on expanding vol here, though not huge, but broke 50 dma today. Below 32 minot support at 30, next support 26.
COHU on watch list, holding support at the breakout, and vol drying up as it drifts. also 36-46-41, a 50% retracement. a few ways to play it, buy a little here and the remainder at 42 3/4, a higher high, seems how I would play it. I would be surprised if it fills that gap, but with the way mm's are these days you never know.
I like to buy a little of a stock I want to be in, even if it is early, as it forces me to watch more carefully.
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