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Strategies & Market Trends : Three Amigos Stock Thread
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To: brogan who wrote (18935)2/20/2000 11:40:00 PM
From: Ken W  Read Replies (1) of 29382
 
brogan

SHM: siliconinvestor.com

MACD gave a new buy signal on this one for you doc...but may be just a little ahead of itself at this moment. For those that are not already in, 4.50 looks like a new support area developing. I've noticed that stocks with strong uptrends, but suddenly go parabolic, have a tendency to pull back 50% of the last gain before moving higher. Funny how that looks to be right at 4.50 and where some days of trading occurred prior to the stock making the last move.

IFLO: is likely the most predictable (small move stock) I've seen in a long time. For trading purposes I'd be looking for 3 9/16 back to 4...not much of a move, but with enough shares, profit is profit. LOL As Sergio said, don't buy it under 5 if you want to invest for a larger move up. I agree, it will only disappoint.

ANET, as you know I hold in one account. Bought a little high, but I like the FA too. If we get a dip down to the high 9's I'll add to it. The MCI thing is rumored to be at anytime. So, 15 remains my target on that one.

BioTech is expected to remain hot for some time to come. I was just reading an article in Worth that drugs should begin to follow suit soon due to the things that biotech is discovering. As gene mapping gets better then obviously they will need drugs to target those particular "turned on" genes for treatment of the targeted genes to cure or control the problem that has been identified. hmmmmmmmmm

Ken
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