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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: Rich Scharf who wrote (68081)10/26/1999 10:57:00 PM
From: stan s.  Respond to of 90042
 
SCOC, hi Rich. Short term it's hard to say. It's almost tripled since mid summer. Another nice move today but earnings only beat estimates by a penny and I have no clue as to how that will be received. It did pull over resistance at 14 3/8 today and I'm hoping that will hold as support if tested.

On the positive side it blasted through the symmetrical triangle on heavy volume and while nearing oversold, that certainly is no problem yet. One concern is the article that pretty much assures a rate hike which I'll post in a minute. Might make tomorrow dicey, futures are taking a hit at the moment.
cme.com

You have to go back several years to find what I think is remaining resistance at 15 and that is, in all probability a moot point, or close to it.

Good luck, I still have all my shares but am not wedded to it.

Stan