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Strategies & Market Trends : Three Amigos Stock Thread

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To: Steve Felix who wrote (18154)1/2/2000 9:03:00 PM
From: Sergio H  Read Replies (1) of 29382
 
<A one day spike may put the end to it. I just wish I knew when and where. >

Steve, I think that what's driving INKP is the expected FDA marketing approval, the sudden strengh in the biotech sector and the momemtum crowd that found this stock due to the increased volume. In making a decision to sell or hold, analyze all three factors.

The first factor is easy. No news yet = HOLD
Strength in biotechs ? Numerous FDA approvals expected this month. Reason to believe rally is real.
Momentum crowd - Watch the tape. On Friday, all buys.

As usual, Other stocks you mentioned are interesting. Would you mind sharing your stock selection scan or tecnique?

IMGN - Similar circumstances to INKP. btw, DUSA is ready to rumble again.

FILM - Nice play. Co. won lawsuit against Disney/ABC and was awarded $60 mil. On appeal, verdict was held up but damages were removed. Pending appeal on damage award. Disney/ABC are likely to pay at least half. Technicals are good, and you have a catalyst. On quick look, fundamentals ain't bad.

TCNX - One red flag. Numerous lawsuits and verdicts against Co. for breach of contract and failure to pay. GTLL owns 80% of TCNX and might be a better play. GTLL has other interesting holdings as well.

Sergio

ps I expect to be scarse on SI for the next week due to family responsibilities. Good trading Amigos.
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