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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (143290)3/15/2002 10:39:02 AM
From: hmaly  Read Replies (2) of 1577462
 
Ted. Re...Why? FST closed down today only by a quarter.<<<<<<<

As I had posted earlier, I had a tight stop under FST at 27 and it hit it exactly. When I first bought FST I had an upper stop of 28. I was thinking of selling at 27.92 that morning and going into Taro, which was 28.54 at that time. With your report of gas and oil staying put or dropping by 10% for the near term; I probably would have made the change; especially since its indicators indicated a overbought situation.

I checked some or yours. OI has had a great run, however both its daily and weekly indicators are overbought, and volume has been dropping for 2 wks. MNTG, the daily indicators are good, but the weekly ones are still dropping. Seems to be in a range since Nov. between 12 and 17. I can see you are more of a long term investor, whereas I favor channeling; 1 to 2 months approx. Plus I like to go to the out of favors likely to rebound. Like AMD did 3 yrs ago. Pharmaceuticals should come back in favor as medical costs are rising; and the market rotates to where the money is. Once oils start to roll again, I will switch back; if it isn't too late, as I want to get back in AMD if Xmas, and Hammer are looking good.Just my wag.
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