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Strategies & Market Trends : WR's Momentum Trades

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To: Bernard Ng who wrote (8801)11/11/2000 8:02:20 AM
From: ChrisJP  Read Replies (1) of 11130
 
Hi Bernard,

I'm looking at a chart of IIVI and it is really interesting that for the last 3 months, its patterns (price & stochastics) seem very similar to the NASDAQ composite.

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As for ASYS, yes the short position is huge isn't it ? When will they report earnings ? Maybe ASYS will be a play like EGGS, where the shorts cover 1 or 2 days before earnings .... and then start shorting again a day or so after the earnings report, lol. I've made good money twice playing EGGS that way.

Another one to look at for a bounce/flip if the selloff continues is KANA. INSP falls into that category.

I really think we should also be looking at stocks that have held up during this week's big sell off. Especially if we get a "Black Monday". BVEW I still feel like someone is accumulating. There was no news, they already reporting earnings back in mid-Oct, yet their stock basically went from 7 1/2 to 9 1/2 this week. Hmmmmmmm ....

NEON -- someone REALLY likes this stock at $18. So if it dives, buy below 18 !! lol

ISSS -- accumulation continues

MTON -- did you notice that in the last 1/2 hour when the markets went into free fall, it spiked up to 19 ?
Rats. :-(

Disclaimer: The only one of the stocks mentioned here that I currently own is ISSS.

Regards,
Chris
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