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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 659.03+1.0%Nov 21 4:00 PM EST

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To: Return to Sender who wrote (28112)9/11/2000 4:12:55 PM
From: Johnny Canuck  Read Replies (5) of 68253
 
Stopped out of RFMD. Will hold CMTN till the conference. I would not follow me on this strategy. I can afford the draw down as it is a small percent of my trading capital. I only trade stocks I would invest in so I have no problem transferring it to my investment account. Took small initial position in HEII on the pull back. Microcaps tend to trade in a world of their own. I like the increasing revenues of the company. They need to get consistency on the earnings side. I would like more visibility on their product lines also.

COMPX generated a buy signal going into the close after the intra-day sell signal. I could not post as I was in a meeting.

I am only looking for 3840 as the down side and we may turn earlier than that. The upgrade in the contract manufacturers in combination with the articles I saw on the weekend indicate that earnings are epxected to be good for most companies. What people will pay for these earnings is what is getting adjusted now. The E looks stable so the P is getting adjusted to what people think are fair.
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