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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Eric Maggard who wrote (8126)5/1/1998 11:37:00 AM
From: Magnatizer  Read Replies (3) of 42787
 
Eric

I have similar feelings regarding RECY but Chris had 7 3/8s as a good support and it was a very good launch area yesterday. If it gets there today and does not go lowerer I may enter Monday near open. would love for the institutions or the MM to make a run at the stops.

APCO long term strong. Short term indicators are mixed, leaning toward weak. with the long term being soooooo strong the short stuff should turn soon. I have a strong floor at 12.95 today.

still leary on the market as a whole. Selling specualtive long plays today into this strength. Holding more fundamental long plays and doing day trades only.

I was using stops a couple of weeks ago exclusively. They work well but I felt I left some profits on the table with some very strong stocks. I think they work best when used before 10:00 to take advantage of the volatility. After 10:00 I would rather watch the stocks movement

ht
david
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