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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (7872)	8/19/1998 9:22:00 PM
From: James Wright	Read Replies (1) of 29382

Sergio -- You captured my thoughts exactly on the broader market and how to play this market. However, I disagree with anyone who says that the TA is poor on ANLT and THNK. Support for THNK is around 17, and support for ANLT is around 22. Both are trading near their support levels, and thus have more upside than downside potential. Of course, if they drop below their support levels, I will exit very quickly. But when you buy near the support level, you can exit without any significant loss if you made a mistake. Another stock which you previously looked at, and which I now hold based on the same philosophy, is SIRN. Support is in the mid-5's, and it has great fundamentals and growth potential. Earnings will be out first week in September. Welcome aboard! -- Jim

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