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Strategies & Market Trends : Z PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (3139)	9/11/1999 10:35:00 AM
From: Ron McKinnon	Respond to of 11568

thoughts on my Z positions AOL reflecting on the comments here it may make sense to take this on off the shhts looking at the chart I don't see much upside right now sitting right at the 30 day ma resistance at 100 then about 120 support at 80 then 60 B Bands have sqeezed, no clue from them MACD says nothing as well no fundamental changes on the horizan to pop it with a strong market this has done nothing so: sell Monday HLIT a red hot, momo from 8 to 140 in a year: 1700% 30 day ma at 100 B Bands 75/160 ish MACD positive stocastics high support at 120/100/80/60 resistance just new high ceiling fundamentals are ok but does not support this P/E when the mo mo leaves and nasdaq breaks this should fall hard it may fall lower than 100 for now the 10 day chart says to cover some near 125 Plan: cover my 126 short at break even; hold the 141 reshort more on any spike MIR this one looks dead for now upside to 16; support at 12 will sell it to simply reduce the number of positions in the Z; make accounting easier NITE I still like this one for both a core position and as a daily/weekly trader 200 day ma 40 30 day 34 B Bands say 30 to 40 range the stock has a negative bias right now; fundamentals and news needs to be monitered closely trading range: short to long term= 32-36 30-40 24-64 Plan: hold a core peice; average down this position trade often;buy low 30's; sell for 2-6 points buy heavy if it breaks 42 sell and run like hell on a 28 break PHCM this is up 1000% from its $16 IPO 90 days ago it's a momo and is in an in sector fundamentals for a $5billion market cap are a joke but traders don't care support for now at 140/120/100 risk to 200 for shorts this may give a lot of pain but I see 50 "easy" downside points in it short term and maybe drop to 60-80 by the end of the year Plan: add to short here cover some near 120 or 140 hold the rest for a home run hope this helps