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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Bryan who wrote (62185)1/13/2000 2:55:00 PM
From: stan s.  Read Replies (3) of 108040
 
INPH, hi Bryan, hey at 2 cents I'm way over priced this week!! Very uninspired volume and chart at the moment. Dipped down yesterday to fill a double gap point at 21.125. That area as well as 20 3/4 gives it the likeliest near term support on a closing basis.

I know the tendency is to try and buy bottoms, I like to see a little strength first.

For such a downtrodden chart it does have a little accumulation going on. It's getting nicely oversold on some short term momo indicators. At this point I'd simply wait for a nice turnaround day or two on better than average volume, then watch for an initial slowdown at 26 1/4 or so.

Me?...Mostly sitting on my hands to let some things play out. Today is the first really good day I've had all week.

Mentioned TALK and CAMP...still have and like CAMD, INPR etc. holding laggards like TIER and CONV. Nice turn today on GMGC...bought a little CBMI, perhaps a little prematurely.

Good luck.

Stan

Stan
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