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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Sosmartinov who wrote (66279)	10/14/1999 1:21:00 PM
From: kendall harmon	Respond to of 120523

BBOX very strong, new days high MAKR breaking out

To: Sosmartinov who wrote (66279)	10/14/1999 1:30:00 PM
From: NewKit	Respond to of 120523

SNDK : on fire.... shorts running for life?

To: Sosmartinov who wrote (66279)	10/14/1999 1:35:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

SNDK.. saw it when it was up 5 (off the low) but got caught up in others. Dead Cat Bounce of the likes of HIFN.. I would have gotten in a little earlier but if naz comes back SNDK should go higher. Massive retreat even before their earnings came out. This has to be the most killed stock (from the ex high flyers). It kind of reminds me of HIFN.. Would not be suprised if it had one good dead cat bounce, but I wouldn't hold it for any length of time. Remember that any holders of SNDK will see any rally as an opportunity to sell the shares they got stuck with, so it may rally but will probably sell off. This rally has lots of volume but it is still just a dead cat bounce. This is just an opinion, any chart other than intraday is irrelevant here. The chart will become relevant when a triangle (or similar chart pattern) is perceived.. Symmetrical triangles can be characterized as areas where there is no definite decision to be long or short. A market pauses and future direction is questioned. At this point you can't tell but when for example a symmetrical triangle appears (the ones that are trying to push up SNDK might be met by selling (those stuck in the stock),.. you would consider the dip as a bargain of course. Then each top gets lower and each bottom gets higher. Its at this point where the sellers will be done selling and those bargain hunters will cause the stock to explode upwards. But usually after all this the chart usually continues in a downtrend it started out with ( continuation pattern) rather than bona fide reversal. A falling wedge on the other hand, SNDK making lower tops (lower highs) and lower bottoms (lower lows) could also lead to a reversal, but for SNDK I doubt it will happen. To answer your question about SNDK you would really have to wait for such a continuation/reversal patterns. All I see is a possible 'scalp' so far you should look at the daily or 60 minute chart for more information on getting more than a 1-day bounce.