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Strategies & Market Trends : Lizard King's Trading Swamp

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To: sepku who wrote (611)8/21/1997 2:13:00 AM
From: sepku   of 7396
 
Well, I've got my targets all laid out for tomorrow...should be another fine day with plenty more sheep to slaughter and lemmings to run over! ;)

PAIR is looking extremely good. I traded this one for some wicked gains on that run-up, but I know there's more to come...4th most active issue in the US markets. H&Q upgrade. Two consecutive closes near highs. 4x avg volume...contracts to be announced anyday now (tomorrow?). Expected eps blowout for Sept. I think this one is going to 30. Will see wear the wind blows at the open -- I'm a buyer on weakness. (Hey Lzzrd...chase this one down for me!)

ASND always is a great trade...nailed huge contract with NTT. Will return to 50s within a week, tops. I'm a buyer on all intraday dips. Large positions feel safe in this one!

PRST is like the Intel of its peergroup...nice scalper, always a great trading range, not a great hold in my opinion (p/e is dangerous), but great to raid throughout the day.

INVX -- great company, nice ranges, predictable. But I think Lzzrd is right...strong resistance above 36. I want to see it at 32 again please!

SEG -- same as INVX

FORE -- what the hell is driving this stock? What is behind this buzzing volume? Who cares...the stock is a great trade with daily 5% ranges. I want some in the 18 to 19s! Never will hold a dog like this for more than an hour though...makes me nervous.

IOM -- Going to watch this one tomorrow...seems like a nice potential trade...consistent trading ranges for months at a time, big volume, lots of Motley Fool drones buying it constantly!

NOVL -- yeah, it's my "most hated stock" of all indices...but hey, earnings are tomorrow after the bell, and I'm curious what's going to develop. Has been building huge pressure in a very tight range. Whatever happens with eps, it's going to move BIG in wither direction...Friday it has serious potential, so tomorrow's action is important...if optimism is high, and bulls win the day only to be disappointed, tomorrow it's going to be punished...I'm hoping for vice-versa before I step in.

Style Pts.
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