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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Rick C. who wrote (2107)10/28/1997 4:37:00 PM
From: Iris Shih  Read Replies (2) of 37387
 
Hi Rick,

Just watched the market. Wow, intel from 69-86 and ibm up more than 9+. Last night my hasband bet that intc would start to bounce if it dips under to 70. I said it had very strong support around 64-66 area. Looks like he wins again with his big boss' stock buy back help. Need to see if it can break its resistance here around 86-87 1/2. If not, I might just sell some cc.
We might have seen the lows on many quality stocks. Lots of stocks were on fire sale this morning. But I still see weakness in semi equipment makers. Don't know why? Just a hunch. As oil stocks, buy on dips but not chase after them. A lot of them might need to consolidate here for a while. Look for other beaten-dwon stocks with excellent earnning reports.
Rick, did you do any trading today? Good job on SGI and WLA. I always took my profits too early. Talk to you later!

Iris

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