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Strategies & Market Trends : Roger's 1998 Short Picks

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To: TATRADER who wrote (253)1/6/1998 4:47:00 PM
From: Michael Berkel  Read Replies (1) of 18691
 
Mark, LRCX is 2-5/8 point from it's 52-week low. Be careful because sometimes stocks tend to bounce when they hit their low and bottom fishing kicks in. Also, the group as such is oversold and could be in for a short rally. I really hope you will post the result of your indepth study here, without shooting yourself in the foot.
I fully understand your point of view re ESV..if you could only indicate whether you see a lot of further downside potential in the
ESV chart. I am not into TA. That's why.

Michael B.
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