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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%4:00 PM EST

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To: Debra Orlow who wrote (2450)12/21/1998 8:53:00 AM
From: John Pitera  Read Replies (1) of 99985
 
Debra, you have picked out an excellent group of stocks that are
showing some great divergences and have had big runs in price.

Just remember Neta as well, I would love to see it move up to 56 or 57
this week, as it is really rolling over on the momentum charts, and Neta may well be targeted by the SEC for taking larger write-offs in their pooling of interest acquisitions, The insider selling has been relentless, and when the technicals line up with fundamentals a very profitable trade potential exists.

As with Csco it had such a powerful move, that I would only short it
this week if it moved up to 97-100 in the next day or two, at which
point, I feel profit taking would set in, if csco is up or down a
point or 2 it would not be a short. I agree with you there.

Best regards,

John
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