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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Electric who wrote (17153)10/29/1998 9:08:00 AM
From: Lee Lichterman III  Read Replies (2) of 42787
 
>>>And of course as always, my crazy picks are not in any way meant for anyone buy myself<<<<

I know what you mean. My short picks yesterday would have made someone rich if they had used me as a contrarian. MU and AMAT up on good volume, IBM bounced, etc. I can't get a handle on this market. If you visited my site, you saw that the OEX is sitting on the bottom trendline of the channel which implies we should go up or crash. I don't see the news to spark a crash so I say we go up yet IBM, MU, AMAT and many others are over bought. AMZN loses more than last year and they hype it as good news so the price can go up another ridiculous amount. They lost 10 cents and were worth 10 dollars last year but now they lost 41 cents and so they are worth 119? Sounds like MU. <ng> I guess that is what I have been doing wrong, I have been investing in companies that grow earnings and profits. No wonder I am not rich yet.

Still sitting on my hands and watching. I think Favors may be right and we will bounce short term. I will keep watching my over bought targets and wait for the bottom to fall out. GTW looking toppy to me today so since I think it should go down, it should rally another 5 points today. <g> I still like KEA here on no news but from a TA perspective a 35 break out should push it to 43.

Good Luck, I have to go get distracted at work.

Lee
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