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Strategies & Market Trends : The New Millenium Portfolio

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To: wlheatmoon who wrote (233)1/30/2000 2:27:00 PM
From: Challo Jeregy  Read Replies (1) of 540
 
MKC - fwiw re CAMP -

This stock has been a traders delight because it is so predictable (or, at least, has been <g>).

The company is doing very well. Stockholders are waiting for the MCI/sprint deal to close for Camp to get a deal finalized.

CAMP, in a "normal" market, holds up very well on down days. In fact, usually it is my one greenie on a down day. Friday was definitely an exception!<g>

Its typical pattern -runs up hard when least expected on no news. Traders take profit and it retraces back to 20dma. That's what it did on Friday. In correcting market, it could hit its 40dma so I would expect it to get down to the 28's. I traded it many times last year and got tired of missing the little runs, so I'm holding now.
In hind site, shoulda sold at 37/38 and buy back, but didn't. <g>
Trade show on Feb 28th(?) will be very nice for CAMP, market willing.

Believe it or not, the best place to find news is in the Yhoo chatroom. Good people, very few a**holes. Even have a guy who checks out CAMPers parking lot for us. <VBG>

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