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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Lee Lichterman III who wrote (36251)12/30/1999 2:49:00 AM
From: Berney  Respond to of 99985
 
Lee, thanks for the chart as I always enjoy your work!

Clearly, I wouldn't be in it if I thought it was going down. Interesting that we both show it a crucial point. More interesting, is that we both target that $110 area.

I'm a little aggravated with myself that it tried to give me a couple of points, and, for some strange reason, I refused. The proper bet is to wait for the breakout; otherwise, take what it gives you! Maybe I'm a bit under-educated, but I look at this puppy as the Grandpa of the nutz. If it doesn't get healthy, you can kiss the little ones goodbye.

BTW, my only other long position is SGP. Again, however, the proper play is to wait for the breakout. Nonetheless, you would have done very well this year buying this one in the low forties and selling it in the mid fifties.

I have just not convinced myself that it is reasonable to play the mo-mo stocks. I'll be my genetically conservative self and put the important plays in the Big Boyz.

Berney