To: drsvelte who wrote (8930 ) 6/13/1999 6:50:00 PM From: drsvelte Read Replies (2) | Respond to of 14427
Yo thread! How's the market going to behave this week and what are your trading plans? Hunker down 'till the CPI comes out on Wednesday and Uncle Al delivers Humphrey-Hawkins on Thursday? Before the jitters set in on Tuesday, I suspect we might just have a little bounce tomorrow. The long bond seems oversold and the MDA thread is licking their bear chops! On Friday, I bought ISSX for a position trade. The chart looks constructive and it is under accumulation (IQC did not update their charts, so I'm having to use BigCharts which is much more limited):bigcharts.com I also bought some NTAP, but this is for a very short term trade, I will probably be out Monday as the chart is deteriorating. This has potential for a longer term hold, but not right now. I like the looks of SFA -- bounce of lower BB and the MACD about ready to crossover. It is under accumulation and rated 89, A, A by IBD.bigcharts.com others bouncing back after some difficult going include NSOL and CSGS. ARTT still looks good. I sold at 16, but this looks like a good time to re-enter. It has drifted lower, but on very weak volume. Under very strong accumulation.bigcharts.com SFE looks good here too. There were some stong breakouts Friday, despite the dismal markets: IBIS, HAL, CGP, CUBE. LNCR looks interesting:bigcharts.com Here are a couple special situations I am looking at: EBAY was down along with the rest of the nutz. But its chart is much better looking than AOL, ATHM, AMZN et al - is the big decline Friday a result of all the bad publicity about their server outage and might it just pop monday??bigcharts.com CREE also was taken down hard. Finally, I'm looking to some earnings plays in the contract manufacturing biz. SLR reports 6/15 and JBL 6/16. Unlike SCI, they have generally reported good numbers. I'm running out of space here so I'll continue these in a later post. Of course, comment , criticism, and bon tons invited.