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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: LindyBill who wrote (7545)10/5/1999 11:45:00 AM
From: MulhollandDrive  Read Replies (3) | Respond to of 54805
 
Lindy,

I guess I'm the minority here, but I really would have expected a rebound if yesterday was simply a "sell the news" reaction.

I think there has to be something about this deal that doesn't add up, at least for the intermediate term.

The market may love it down the road, but for now it seems WS really hates this deal.

bp



To: LindyBill who wrote (7545)10/5/1999 11:50:00 AM
From: StockHawk  Read Replies (2) | Respond to of 54805
 
> I see Q at 250 by the first of the year.<

For a short term technical perspective Q is at a interesting point now. If the stock can move up the next few days on good volume that would signal a breakout of the current range and a breakout to a new high. That would be a buy signal. However, if the stock trades down, say to the low 180's that would be a bearish sign as the chart would seem to be forming a double top. That's a sell signal.

Just one reading of the tea leaves.

StockHawk