Current Holdings - Analysis of FEIC, UOPX, ROOM
FEIC
messages.yahoo.com
Re: IBD'ers
by: theant99 (41/M/New Hampshire) 08/10/01 10:27 am
Msg: 887 of 888
I write this message for myself as future reference as well as for anyone else who cares to read it.
There is no doubt in my mind that FEIC is forming a cup and handle pattern..... In today's IBD (Investors Corner), the subject is cup and handle patterns, worth reading in my opinion...
There are two things that are working against a breakout at this time: the general market, and the semi-equipment sector... Neither of these are particularly strong right now. The Nasdaq is certainly testing it's lows in the 1950 area. If it closes below 1950, then this will be bad sign for sure...
The question at hand in my opinioin is how much FEIC may drift from current levels. So far, it is holding up relatively well, although it is now below it's 50 moving average (today is the 3rd day). Good stocks in a choppy market should not fall more than 20% below it's pivot point. This means we could see a drop to as low as 33.5. Anything below that would cause me to become more concerned.
There is no sense in buying any more FEIC until the market becomes clearer in the direction it is headed... I'm hoping I will not have to sell any FEIC if the market tanks, but I will if things get nasty....
Right now, I am not buying anything... I'm just watching and looking to protect my other holdings, ready to sell if the signals are there... I still think the market will be turning around at some point in the near future. When that happens, I will be ready to jump into the strongest stocks at that time, which hopefully will include FEIC....
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UOPX
messages.yahoo.com
Just making some notes
by: theant99 (41/M/New Hampshire)
Long-Term Sentiment: Hold 08/10/01 12:51 pm
Msg: 274 of 274
This message is mostly for myself as a way to jot down some notes on UOPX's performance the past few months. The notes are based on IBD's ranking system
6/13 87 EPS, 91 RS, 53700 Ave Vol
7/24 96 EPS, 98 RS, 267300 Ave Vol
8/10 97 EPS, 97 RS, 311900 Ave Vol
The stock broke out 7 weeks ago, and peaked of 40.13 4 weeks ago. It is now consolidating and may be forming a new base on base pattern. Today, it briefly touched it's 50 day moving average for the first time since breaking out.
The stock could retrace back to 28.15, it's previous pivot point. Any close below that would be cause for concern. The general market continues to look weak. A close below 1950 on the Nasdaq is cause for concern.
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ROOM
messages.yahoo.com
For the IBD types
by: theant99 (41/M/New Hampshire)
Long-Term Sentiment: Hold 08/10/01 12:21 pm
Msg: 1057 of 1058
I am writing this message mostly for myself so that I can jot down a few notes, but also for fellow IBD types who may be tracking/holding this stock.....
Here are some statistics from notes I have made over the past couple of months
5/24/01 84 EPS, 89 RS, 208700 Ave Volume
6/13/01 84 EPS, 80 RS, 211500 Ave Volume
8/10/01 99 EPS, 85 RS, 332400 Ave Volume
As of today, the relative strength line is sloping down, the price is sitting at it's 50 day moving average for the first time since late April. The stock is 16.8% off it's 52 week high.
My belief is that the stock's recent weakness can be explained by the current general market conditions. If the Nasdaq closes below 1950, then we have broken support. If ROOM closes below 39.65, then it would be in danger of falling back into it's previous base. Personally, I do not think that ROOM will fall that far, but it could happen.
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