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Strategies & Market Trends : The picks

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To: Steven Messina,L.M.T. who wrote (2055)1/16/1997 1:49:00 PM
From: p. webster   of 6124
 
Re: INNO

I thought I'd hear that today.

I posted yesterday on CCUR, which is a good trading stock, you don't have to be superfast (reply 1956). This is one of my forays into the tech market. I've owned it for a long time, riding it up and down, and it is one of the reasons that I came to this thread -- to sharpen my "trading skills" vs. investing skills. The chart sucks on it right now, and it might not be a strong buy at this point (you might be able to get it cheaper.) I was actually hoping to wait until it was at 1.50 or lower before mentioning it, but it looked like some news was coming out. News came out, it was benign, and a complicated relationship to the stock, but affects the balance sheet of the company only a little. There are several "big boys" --- investment firms, in on this one.

I also own CUBE, which many people trade. Intel of the DVD chip industry. I know there are a lot of ESST (Cube's rival) that read this thread, and they will flame my comments. I am a CUBE partisan. Someone on that thread said that "Cube is going to flick the gnat of ESST off it's ass", which I think is a great quote. Earnings out today after the bell. I'm in for the long term on this one. Cube hit support of 35 yesterday and bounced for 3 today.

I have in the past traded CAML, & BCAM: CAML is a definate no go. BCAM I haven't looked at recently.

Re: KNIC You do really well day trading this, & if it works for you, stick with it. I remember a while back when it really ran high, caught the eye of CNBC, who of course panned it as wildly speculative.
Well, that is what short term trading is all about. Watch the charts on this one if you're not in and out the same day.

Hope this helps.

P. Webster
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