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Strategies & Market Trends : SPARKY'S CORNER

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To: electra who wrote (3187)6/21/1998 5:56:00 PM
From: Bruce A. Brotnov  Read Replies (1) of 4142
 
Electra, the key right now is patience. We are right in front of earnings and in a down trend since April. Stocks jump and about the time you catch up with them the momentum players and day traders take some profits and move on to the next one.

If the market holds the first of the week, watch for some improvement and many more "success stocks" to pick from. A favored stock one day may be a dog the next as analysts will put out a buy and then a few days later put a hold on it.

In this kind of market I prefer a stock that has price stability (nice base) and of course some movement upward (e.g. URS which I have mentioned before here).

Better days are coming (hard to get much more challenging, right Ken"?)

Bruce
www.poormans.com
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