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Strategies & Market Trends : LastShadow's Position Trading

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To: John J H Kim who wrote (13590)	4/29/1999 3:51:00 PM
From: BoNg-N-BoNg	Read Replies (2) of 43080

OSX stocks - PTEN, TMAR, FGI, UTI, FLC, KEG, FLC, GLBL PTEN - resistance at 8.06 back 9/14/98, suppose to report earning tomorrow so we might have some profit taking by tomorrow or monday TMAR - resist. at 9.25 back 10/27/98, just reported their earning on 4/28 that's probably why there's some profit taking this past few days. FGI - broke resist. of 19.25 back 11/09/98 UTI - broke resist. of 12.00 back 11/04/98 KEG - resist. of 5.38 back 3/30/99 but I I'll take the 4.00 range resist. lately instead and didn't join the rally too.. this is good PTA right now until atleast tuesday.. GLBL - resist. of 11.13 just broken recently back 11/02/98 FLC - broke the short term resist. of 10.25 back 4/19/99 and it looks like the next one is 16.50 back 11/09/98 note: I apologized for those our lurkers in this thread who PM me last tues. night and wed. asking about OSX in generals and the list above.. I wasn't able to give a response until today since I was out of town and didn't come back this afternoon.. I don't have any holdings on any OSX stocks at all since all limitt buy orders I put on monday didn't materialize.. (sob) some of u did able to buy OSX stocks on tues. & yesterday as u mentioned... lately there's been alot of cyclical rotation and one of them is the OSX/XOI..just remember, follow the daily prices of crude price contract and the API report every tues. nite to give u an indicator for the short term direction of OSX...as I said earlier the weekly cycle of these OSX/XOI stocks is wed. and thurs. is the best time to buy and expect profit taking on monday and tuesday.. I hope this help for future reference.. just a thought.. eL...

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