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Strategies & Market Trends : Vivek's Intraday Picks

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To: CHARLES W. FISHER who wrote (26)11/14/1996 11:08:00 AM
From: DanZ   of 323
 
Here's three short term trades for everybody:

1. Buy Olympic Financial (OLM) on any pullback to 15 1/2. Or if you don't want to take a chance on missing the rally to 17, but it right here at 15 7/8.

2. Buy DSC Communications (DIGI) at 14 3/4 for a rally to 16 in the next two weeks. Stock rallied from 12 5/8 to 16 1/4 the past three weeks and is down a little on profit taking and because of options expiration tomorrow.

3. Buy Veterinary Centers of America (VCAI) at 8 1/8 if it tests the low again today. Pick up 1/2 of your position at 8 1/8 and buy the other 1/2 if the stock retraces to low 7's. Sell the postion on a rally back to 10 in the next week.

Dan

PS: These stocks are all very volatile and should only be purchased by those who can stomach wide swings.

PSS: ***** DISCLAIMER ***** I currently hold 2,000 shares of OLM and 4,200 shares of DIGI. I'm not currently holding VCAI but plan to put my plan into action if the situation still looks promising if and when the stock gets to my target.
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