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Strategies & Market Trends : 50% Gains Investing

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To: kimberley who wrote (583)	2/28/1998 2:34:00 AM
From: Dale Baker	of 118717

Saturday morning chart gazing... SYNT finished well on Friday. Looks like an orderly retracement from the top and a new move up. I have it on my maybe list for Monday if I decide to bail on a couple of other positions currently eating up my margin. I would buy at 27 with a target of 29 - 30. Sell into strength if it runs again. That's assuming the market is generally up or flat on Monday. I wouldn't hold SYNT on a down market day. TMBS - my instincts are saying it may flatten out again. I may sell on Monday for a quick point and wait to see where it goes again. This latest runup has been less steep than before. I should have put a sell order in for the 18 3/4 top today. Coulda, woulda, shoulda... OMKT and EIDSY look compelling for small long term positions. Their six-month charts show steady progress. FTIC took a dive at the close for reasons unknown. I think it is a good buy in the 12's with a rock solid bottom around 11. Upside is 13 -14 on the next rebound. CBUK - very high volume for CBUK and a nice move up. Still looks good to go to 30. I'm not in yet. SSOL - the market cap here is LESS than $8 million in a super, heavy, highly competitive business. Wouldn't touch it myself. Roger Babb is shorting ZITL heavily again. His recent track record on high flyers isn't that great. I'm tempted but will probably wait. My only current shorts are ALTIF and PNDA, both gizmo companies with discount convertibles.

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