Stocks with 'Dead Cat Bounce' potential Message Board

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Strategies & Market Trends : Stocks with 'Dead Cat Bounce' potential

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To: ~digs who wrote (17)	8/8/2001 5:31:21 PM
From: ~digs	Read Replies (2) of 130

today's wrap up... ATHM, came within a few cents of 20 day ema target. Sell... off radar. CPST ... still falling but that bollingband is outpacing it. neutral till 8 dollars or less SPLN : <yawn> FTHL: more opportunity for entry today near 2.5 ... if holding this one long i would keep my stop set firm (mental or otherwise) below today's low of 2.42 ... stock is still in waterfall formation ... relief bounce could come at any time... conversely, the downtrend could easily continue. Hence the importance of pre-conceived stop loss levels. ITRU = flat, DOA EASI : nothing new... target short price has not been reached NBTY : overhead resistance near 17 remains unbroken... stock faltered some eod as the naz was plunging but nothing dramatic so far. MESA: gapped above 14, target shorting price achieved ... stock sold off the rest of the day.... mininmalize capital risk by moving stop loss to this morning's well timed entry point . Target cover price : for starters, the 20 period moving average on the daily chart at least = 12.43 and rising. Will reassess this target as price progresses. KRON: Short Initiated yesterday above 50... stop loss above 51.6 as yet unexecuted. The ADX on its daily chart is @ 61. This one should be worth 5 points or so. EAG: Got pretty cheap towards the end of the day. the ask went as low as 93 cents... if long my stop would be a smidgen below .89. Which was today's low... which is equivalent to the 52 week low, which was originally printed back in the beginning of april. (double bottom play) FIMG: gap up open to 12 dollars. Plenty of opportunity for shorting in the high 11s. Today's pattern could be construed as a blowoff top depending on your personal interpretation of such. 640,000 shares traded which I think is a new all time high for FIMG volume. Place stop loss at 12.01 or higher depending upon risk tolerance.

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