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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (4541)6/24/1999 11:48:00 PM
From: Jibacoa  Respond to of 13094
 
JIM:

SIBI's news on the deal with AHP looks good. Todays volume of 25,000 not that impressive. Most of today's volume was around 10.30AM after it opened on an up-gap and receded slightly. It closed at the high for the day. It needs another 2 points to close above last year's high, before it can test the 1997 double top at the 8 7/8 to 9 level.I would like to see volume to pick up, as I said, except for the trades around 10.30 the volume was very light. It had better volume on 6/16.

Thanks for bringing it to my attention. I certainly will keep an eye on it. The 10% appreciation in price was better than the 6.1% of VLNC on the news of the sales of material to ATK, in spite of VLNC having more than double the average volume for the day.Olympic Cascade (NATS) had an impressive move in spite of the market.Another one moving against the market today was ATEC( It is bouncing up form the same level it bottomed at last year).

I remain worried about the general market, as it seems that if we brake the 10,500 level on the DOW we are headed for much lower prices, and that is now less than 50 points away.

Regards and good luck.

Bernard




To: James Strauss who wrote (4541)6/25/1999 12:21:00 AM
From: Jibacoa  Read Replies (2) | Respond to of 13094
 
JIM:

XICO also doing well. Was able to make a 12 months high in spite of the market. Volume picking up.It has made better than 100% move since May 8.!!!

And today's performance was also in spite of the sale off on the semis with the bad news from AMD.

Regards and good luck.

Bernard