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Strategies & Market Trends : games trader group -- Ignore unavailable to you. Want to Upgrade?


To: John Paquet who wrote (20)9/18/1999 11:42:00 PM
From: John Paquet  Read Replies (1) | Respond to of 507
 
U.S. dollar rebounded FRiday helps Dow and Nasdqaq; Dow +66 points, and Nasdaq up huge 62 points.

SKG closed @.215 near the top of the box range between .205 and .215.

Look for a decisively breakout on the top side with 3 or 4 million volume traded.

Once SKG broke that .22, watch out folks, the dark black BEAUTY PENNY will be .39 or more.

GTR penertrated that $4.40 down to $4.26 bearly managed to closed at $4.44.

BIO.al is a wild animal, traded with 1.2, 1.4 666,00 volume, very good candiate for trader.

Futher detailed price action analysis will be followed on these three stocks.

Oil and oil index are awaiting OPEC meeting September 22, 1999.

OIl price has to go at a run of correction, at this near $25.00 a barrel yet oil index down down down from 547 to near 513, near 34 points down move indicating something went wrong with OPEC, why the hell traders began to sell oil stocks.

let's check RGO and GOU price movement::

chart.stockwatch.com

chart.stockwatch.com

RGO tried 3 times to break that $8.00 and failed totally, indicating RGO is top out, soon $6.00 soon $5.50. It is no way to make money by entering RGO from this points. It alos indicated oil maybe top out, too after OPEC meeting, I start to feel that OIL price maybe will bre crashed to $20.00 or lower.

Based on buy low sell hi concept, this is no the time to buy oil stocks, as it appears very toppy, indicating it is very risky to say the least.

John Paquet



To: John Paquet who wrote (20)9/19/1999 12:48:00 AM
From: mr. ed  Read Replies (2) | Respond to of 507
 
I called BIO's IR person and he said more good news is coming concerning marketing DIABII in the states. I belive a Major US company will enter a joint Venture with bio.al.. The rest of the south American counties will follow the lead
of Brazil.... DIABII is far better than any other product with no known side effects... Unlike the compation's product's.... This is a billion dollar a year drug.....
An other stock to watch is IMMC the float is 640K... IMMC
own's %25 of the DIABII patent.... Last traded at $1.62 up .58 cents for the week....

regards

mr ed