Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: CJ Owen Critchley who wrote (4498)	12/31/1997 8:12:00 AM
From: LastShadow	Read Replies (4) of 120523

SMOD & FPFG: SMOD has shown resistance at 25.5, so if you are looking to enter end of day, wait for a close above that. If you trade intraday, or are a little less risk sensitive, then set a buy for 24.75, butpleas remember to set a stop at no less than 8% below whatever you get filled at. SMOD has a tendency to go down rather quickly. The short term shart looks pretty dcent with the rising lows, though. FPFG had a 6.5 point day yesterday, an at first look I would have said to hold off. On deeper analysis however, it looks like it has some real potential to go much higher. However, this stock is on a downturn and the upper channel says it won't break 40. If the stock opens and stays above 35 today, then you can still enter, although I would wait a bit to see if it sells off by mid morning. If you print this chart and connect the highs and lows for the last few months, without passing through any lines in between, you will have the trading channel for it. Bottom line is its going down in wild swings, so try to enter when its near the lower channel line and exit beforeit hits the upper. lastshadow

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