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Non-Tech : Invest / LTD
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To: Alski who wrote (1388)7/29/1998 9:08:00 PM
From: Thean  Read Replies (4) of 14427
 
Alski, now you are a dog's doc right?

VCAI is actually pretty interesting. For whatever reason (is there news today) the reversal was strong and broke into the upper half of the BB channel decisively. $16 5/8 - 17 is the support and tomorrow's intraday high should be at 20 1/2. Its long stochastics also crossovered today and that is another bonus. The only question remains is the overall market and if not for the overall market concern I would plunge in tomorrow to buy VCAI too. But I will see if it can close at a new high, e.g. $21.

Shelia - HB's chart is not looking good. It's surfing the lower BB lower currently but it has a history of crisscrossing the midline BB 2-3 times a month. Therefore, if it can break and close above its midline BB tomorrow at around 58-59, it may have some upside to go until it hits the upper BB channel. However, the longer trend picture is down.

I am watching RESP tomorrow. They are supposed to report tomorrow but today's big drop clearly gave a bad omen. However, they have indicated earlier that they should hit this quarter's number. Therefore, unexpected extraordinary charge like its inability to move its integration of HDTC in timely fashion may be in the card. Anyway, its close today was a new low and it is outside the lower BB which means there is a strong likelihood that this thing is overdone. If there is indeed some charges more than expected and the stock opens gap down, I would be interested in playing the first intraday rebound and get out before the day is over.

MRVT - am thinking of doing a buy straddle on this. ORCL may also have peaked since it could not close above $27.
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