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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: ynot who wrote (22249)7/22/1999 1:43:00 PM
From: Johnny Canuck  Read Replies (2) | Respond to of 69828
 
ynot,

KEA looks good technically. KEA popped after earnings on declining OBV and is overbought short term. Fundamentals suggest that contract work should not grow quite as quickly due in the second half due to software freezes as a result of Y2K preparations. Look at the reaction to CPWR today as a result of light revenues, even though they beat the EPS number. MSFT guidance should add to the weakness of the sector.

I am still working on a list of stocks with lousy technicals and shaky fundamentals. I am open to suggestions at this point. A lot of the I-Net look weak, but I can't bring myself to touch them. They are way too volatile and don't fill my profile as a understandable business model that can be easily modelled.

Harry