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Strategies & Market Trends : Three Amigos Stock Thread
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To: arnold silver who wrote (19165)3/11/2000 10:50:00 AM
From: Ken W  Read Replies (1) of 29382
 
Hi Arine and gang.

WGAT: I'll get back with some TA today. I know you
really like that stock and have taken profits at the right times. Between that and COMS (and options) you should be ready to buy all of us new Lincolns (LS)

This has been a great three weeks and our (concerted) efforts here have paid off nicely. Personally, I've made more money recently than ever in my short trading time.

Now, that being said I wish to offer an opinion on the NASD. I've noticed for the last three days that CNBC has been dragging one pundit after another across the screen talking about the parabolic moves of the entire NASD over the last three weeks. The DOW has suffered greatly from this move as we know. We all know what to do with parabolic moves in an individual stock thus I am looking for the big blow off soon since we have broken 5000 NASD. Remember the dow at 11,000?

I plan on moving some money over to some of the low down beaten up large companies this next week and feel that the large fund managers have already started to do the same. DD's IP, WMT, XRX (of course)CAT etc. are at or near 52 week lows. These being way oversold are due for some major moves when the failure comes to the NASD. Least that is my game plan. Opinions??

Ken
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