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Non-Tech : Invest / LTD
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To: Timelord who wrote (4591)10/23/1998 10:59:00 AM
From: Thean  Read Replies (1) of 14427
 
Alex, what I can gathered on the evil tower is

1. No shares to short.
2. Stock volume extremely low.
3. Spread not large.

My takes are:

1. Long and shorts are sitting tight, totally unsure of the future move.
2. No insiders selling lately.
3. If the price moves in either direction, it will be triggered by either an overall market move (in particular a sharp down move) or some news affecting the company.

What I'm doing about it - when in doubt, do nothing. Still short. Resistence is $23.

ALKS - Sold at open at $19. Bought back again at $18.

AFS - makes lower low already. $67 is a support. If it breaks that we shall see a healthy head and shoulder pattern. It will take a few days to get to $60 though.

INTV - tries to rally but it really should not. There is no strong volume to support its move any higher than $25. Still speculatively overpriced, not a value stock. I will be patient with my put on it.

Small cap growth story with low PE - PMRY is taking off again today. Deserveably so. NBTY is also showing strength. The small cap rally continues for now.

PVN, COF, KRB - mix bag.

OSX - sharp profit taking this morning but I'm not stepping in to short yet. The momentum has not really turned south yet. We need to see the greed money trying to push this thing up once again and fail before the smarter money moves out. Monitoring...
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