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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Ken W who wrote (17217)11/2/1999 6:54:00 PM
From: Sergio H  Respond to of 29382
 
Ken, a few notes on some stocks that we've been discussing.

ADBL!!!!!! Nice pop today. As I posted on Friday, I bought in just a little high....didn't catch the low, but that price is fine now. This stock has the potential to go into hyperspace. Anyone join me yet?

IFLO - A poster on Yahoo said that Wedbush Morgan will release an updated report tomorrow. The report will generate interest, specially if they raise the earnings estimates as I think they will.

SORC - In your post, you stated that you thought that the stock broke support. I'm using the Bollinger bands on timely charts to gauge the top and bottom parameters. SORC broke out of the bottom Bollinger but didn't trade for an entire session below the bottom Bollinger. I read that as a test of the bottom range, and sure enough SORC bounced up.

timely.com

FILE - To continue on the same theme as above, FILE traded above the upper Bollinger band. Many traders use the break back inside the bands as a signal to short. In FILE's case, the stock remained above the upper band (on the strength of the sector) long enough for the moving averages to slide up, and the stock is now sitting at short term support. Very sticky for short position, IMO.

timely.com

Sergio