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Pastimes : Home on the range where the buffalo roam
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To: Boplicity who wrote (2558)6/19/2000 11:07:00 PM
From: Boplicity  Read Replies (1) of 13572
 
RNWK broke today on very nice vol. it's a buy. BVSN and NATP looked to be ready. SDLI is about to reach it's old trend line when it hit's 320, that was my target price when I bought it. I see SDLI hitting resistance at that 320 or so, although 300 was like nothing at all, so 320 might be too. RBAK's break out was spectacular today, next area of resistance is 160 area. JNPR also broke out, next area or resistance is 135. ORCL is very close to it's old high while SDLI is close to it's old trend. I'm going to use those two as indicator of the health of the recovery from the May lows. ORCL, one of the all important big cap tech stocks, didn't fall as much and SDLI was one of the first to recover and shoot higher and reach it's old trend line that it was on before the market went into a bear. If both of those (baring some unforeseen change to the current story for both), fail to move higher once they reach the area's I'm talking about, I will be begin to question other stocks in the sectors they represent and the market at large. We are going to get a real first test of the recovery after the market reacts to ORCL's earning after the close Tuesday. You can throw SEBL in to the mix too, since it is very close to it's old high.

Many stocks are recovering now or breaking out, if you hold stocks that are not participating in the recovery, you are hold stocks that are not going among the leaders in market and will most likely under performing going forward. IMHO.

Greg
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