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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Wendisman who wrote (11230)8/26/1999 12:56:00 AM
From: Rande Is  Read Replies (1) | Respond to of 57584
 
Wes, I am more confident in ADAP after today's strength and volume. If average daily volume stays well above average, then we are on to a new plateau. . . only if daily vol drops back to the lows seen before is there cause for alarm, IMO.

MPTH has sold off after news and has not hit much support or volume. It is more a sleeper/story stock based on their live chat. If you are going to hold MPTH, you really need to go to their website and sign up and download their chat software. But don't get addicted. . . it is like CB radio on specialized by interests. I like it . . .it works well and is fun.

Rande Is



To: Wendisman who wrote (11230)8/26/1999 9:43:00 AM
From: Kevin Shea  Respond to of 57584
 
Wes... a quick reply and then I'll get back to you ... for TA on new issues I use the daily for general direction positive negative, I then analyze the 60 min chart to determine the "intermediate trend" and then make an entry decision based on the 15 minute chart...So, what that means is that we need to get on the same page

BTW I enter ADFC previously and added based on yesterday's action.

Will get back after the open



To: Wendisman who wrote (11230)8/26/1999 11:06:00 AM
From: Kevin Shea  Read Replies (1) | Respond to of 57584
 
Wes ..... OK here's my take

ADAP is the strongest since it is in an advancing trend now...having confirmed the breakout at 26 or so...The best way to play ADAP would be to set a MA that you are comfortable with and then buy the dips (while also protecting yourself against a trendline break..e.g. right now ADAP has recently tested the 30.75 level which it could do again..it could also test a little lower than that to test the 60 min trendline

So....ADAP is in a trending mode and is played best by playing the dips....otherwise one would "just buy it" if you plan on playing it for its long term potential.... I'm still partial to buying when the price returns to an oversold condition

NETP looks the strongest of the rest...it's offering positive TA signals underlying what appears to be meandering prices

MMPT and ROWE re neutral as far as I can make out... that means that there isn't much to go on technically.. what you see in the chart is "confirmed" by the TA

MPTH has weak supporting TA signals for an advance

ELON has some strength but it would be best to wait for a break above the resistance at 8 or so (IMO)

Hope this helps .... and I believe that it is only my opinion and I have only half of my wisdom since 2 of them were pulled out last Monday