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Strategies & Market Trends : Lizard King's Trading Swamp

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To: LzzrdKing who wrote (4073)1/23/1998 8:28:00 AM
From: dealmakr   Read Replies (1) of 7396
 
Lzzrd,

Also agree that the fundies look good on the drillers and service sector. These are making good bucks right now. If these stocks continue to perform weak on the TA side do you see any possibility of someone coming in to take advantage, such as buyout on the cheap or merger? The supply of oil is precarious at best and even though trading down in price, depletion of existing reserves means having to find new sources. Trading MDCO better now after learning a lesson about averaging down. Great trading stock intraday. Also Watching ESV, got creamed Thurs. KLAC & DELL I follow for good intraday movements. KLIC rallied early yesterday and sold off, looks like problems with Korea. Also watching AVP for flu bug, volitility picking up on this one. Good pick on OSTE, Didn't play but watched it make a nice move.

Good Trading

Dave
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