Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (6979)	11/8/2000 11:57:24 AM
From: James Strauss	Read Replies (1) of 13094

William: It looks like the techs like Gore... With the election in doubt for him, the Nasdaq has been down... A story on CNBC yesterday showed tech doing very well under the Democrats while old economy stocks do well under the Republicans... Given the current makeup of our economy, a Bush win may not bode well for a market heretofore powered by the techs... TGNT is still looking for a bottom... I'd wait until at least the 2 day MA crosses the 5 day MA to the upside... Today's move above the 13 day MA is in response to new brokerage coverage with a hold/accumulate... The earnings release today may have a bearing on where this trades tomw... Currently, eps estimates are for a loss of 3.00... They'd have to beat those estimates by a good margin to keep today's momentum going... Jim

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