SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: BigBull who wrote (53750)10/29/1999 4:36:00 PM
From: Gary Burton  Read Replies (1) | Respond to of 95453
 
fwiw--Slider will like this one--I finally started buying MDR this afternoon at 18.25, after sitting at 17.75 most of the day.This was the culmination of a 1-2month wait from when Slider first mentioned it here in the low 20's ---I may well be a bit early here (eps next week and I notice that MSDW cut SCSWF's rating to Neutral today), but my EW tealeaves say we should be close to the bottom.And I gotta love that cash!.... My count was saying one more 5 wave move down--well, we got that this afternoon when it again hit 18.06 this afternoon and I was hoping for a final followthrough into the mid-hi 17's but, son of a gun, it again refused to break that 18.06. So, I said what the hell, let's start building a partial position in here. End of October, get it off the books type of thing. We shall see....Ouch, that RRC hurts. Managed to get out of TMR at breakeven a little while ago, but too late on this one. ---wonder if 75.75 is going to get taken out Monday/Tues on the upside or if we will rollover and take out 70.98 instead. Next week is key.



To: BigBull who wrote (53750)10/31/1999 1:06:00 PM
From: BigBull  Read Replies (1) | Respond to of 95453
 
Doin' the bear-less boogie:

cbs.marketwatch.com
------------------------------------------------------------

In a report, John Roque, vice president at Arnhold and S. Bleichroeder Inc. noted that NYSE advancing volume decked declining volume by a margin of nearly 5.8 to 1 on Thursday.

"This type of a ratio says the rally?s got more gas in the tank, and it?s high octane, too!" he exclaimed. "History shows similar volume results bode well for stocks three months out."

Roque observed that, since 1994, there have been 12 instances in which advancing volume bested declining volume by over 5.8 to 1. He found that three months after such a reading, the S&P500 was up 11 out of 12 times for an average gain of 8.6 percent, with +19 percent the biggest gain and -0.4 percent the sole setback. The average gain was 8.6 percent.

"Pretty compelling results when you think about it," Roque enthused.

Added Gretz: "Against a background of interest rate concerns and a bond market that has had its own bad year, financial stocks are telling a much different story. Financial stocks don?t just seem to be rallying on banking reform. Indeed, they seem to be suggesting that rates are not the problem they have seemed to be."

Gretz echoed the sentiment of most observers: "If rates are off the market?s back, that should continue the upside momentum."

------------------------------------------------------------

According to earnings compiler First Call Corp., 84 percent of the S&P 500 companies have reported third-quarter earnings. Those that have reported have registered 23.2 percent growth over 1998Q3. For the fourth quarter, industry analysts surveyed by First Call expect 18.4 percent earnings growth. The S&P's long-term growth rate is 7 percent.

------------------------------------------------------------

"Thursday confirmed what no one believed a week ago -- that this market's going a lot higher," said Frank Calta, director of equity trading and institutional sales at George K. Baum. "It just feels good. I'm seeing major institutional buyers."

------------------------------------------------------------

Sandy Weill:

biz.yahoo.com