LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: BarbaraT who wrote (1120)	10/12/1998 7:27:00 AM
From: LastShadow	Read Replies (1) of 43080

MOT, BGEN and ADBE MOT still looks to have upside potential. However, it needs to stay above 43.75, and the closest local upper resistance is around 48, so it has a few points possible range left. Net doesn't show any reversal threat, although with three white candles in the candlestick pattern, it could have a down day. BGEN was third on my list of short candidates. This could go a little more I suppose, but the net calls it a short, my TA says its a short, and fundamentally, its P/E is way to high for the rest of its competitors and the market capitalization group its in. ADBE - have been a buy since Friday morning with the gap up, and if it breaks 36 could run all the way to the low 40's. I don't know of anything in its world that would propel it though, but worth watching. lastshadow

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