My Stock Picks
1)AMD - Advanced Micro Devices
AMD broke BRL in Mar, stalled and broke DB on May 15. After long 17-point long-tail down, has reversed to x's. RS sell in o's. Semi's Bear Confirmed 16-, broke 2 DB's during 19-point long-tail down, and reversed to x's.
TA: Gave confirmed AIQ buy 6/18, while breaking up through 4,9,18-day MA's, volume below average, Phase and MACD favorable.
2)ASND - Ascend Communications
Broke BRL in Feb, reversed to DB break in Mar, and reconfirmed uptrend with breakout from broadening top, followed by breaks above two successive DT's. RS is sell in x's. Computers Group in Bull Correction 32-.
TA: Trending above 4,9,18-day MA's.
3)GGUY - The Good Guys
Broke TT on 6/5 to new high since 1994, after breakout from BRL in Mar and DT in May. RS is sell in x's. Retailing Group is Bear Alert 58-.
4)THNK - Think New Ideas
Bullish Triangle on 6/9. RS is buy in o's.
TA: Rose thru 4,9,18-day MA's on 6/18. On confirmed AIQ buy 5/29.
5)VRTL - Vertel
DB on 6/12 to spread triple-bottom dating back to 5/97. RS is sell in o's. Computers Group is Bull Correction 32-.
TA: Nothing good here. Blush, <g>. Oversold (or underloved).
FA: A turnaround, new mgmt., new TMN software, new alliances, hoping for a good announcement or two before 7/24. At this price, it's almost like cash.
Thanks to Tom Dorsey, Jan and Preston for the opportunity to play and learn!
Dennis
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