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To: Larry S. who wrote (21847)1/6/2000 8:34:00 PM
From: Ron McKinnon  Read Replies (1) | Respond to of 53068
 
Larry
after hours on the nets was ugly
many sold down 10-20 points after LU

CMGI low was 231 I think
etc

tomorrow may be the final day, may not
the combination of it being a friday and the jobs numbers will be the tell

will be a time to buy this dip, not sure when

there will also be some super flips like that 13 pointer you saw on CMGI today in what, 10 minutes
but flips are super super high risk right now
no time to pee while in a position

the other way on one you like is my old 1/6, 1/3, 1/2 leg in

I'm happy happy on my banks right now; but the am #'s may move them either way

made a major trading mistake today
bought 1000 of a stock at 17.50, sold (I thought) at 17.75
then cried for 10 minutes when it ran to 21.375
then, looked at my screen and saw i had bought another 1000 at 17.75, not a sell
after shaking in my boots sold the 2k at 19.875-20.00
looked up and said "thank you"

all good luck and be careful out there

PS
CRN is dirt ugly, but worth a watch, may get prettier



To: Larry S. who wrote (21847)1/6/2000 10:38:00 PM
From: DanZ  Respond to of 53068
 
CRN, GUMM, NBTY, RXSD.

Larry: Try this site for program trading numbers on the S&P 500. programtrading.com They provide the fair value as well as buy and sell program data.

Ron and Paul: I like the chart on CRN because it bounced off the lower daily bollinger band today at 7 1/4. I hope that it pulls back to test the low tomorrow because I want to buy some, but prefer to buy it between 7 1/4 and 7 3/8. The stock is definitely oversold and could easily bounce to 8 to 8 1/4. Luck with it.

I think that the chart on GUMM looks very good. It closed above its 20 day moving average today and the stochastic gave a buy signal today. I typically only use the stochastic in the same direction as the prevailing trend, which in the case of GUMM is up. In other words, I would ignore sell signals from the stochastic but wouldn't ignore buy signals. The stochastic went from oversold to overbought on the move from 12 to 20 1/2 and it went from overbought to oversold on the recent pullback to 15 1/2. I like the pattern because the stock only gave back part of its gains during the recent pullback. If this decline was more than just a consolidation, I would have expected the stock to give back all the recent gains and trade back to 12. I think the next leg up has started that will carry the stock to the 23 to 26 area.

NBTY has been good for 1/4 point, 1/2 point, and even 1 point flips the last week. The trend looks good and I think that it will trade to at least 12. I tried to buy it back late today after I sold at 11 3/8, but Ameritrade's website went down and I couldn't get my order in. It pulled back to 10 7/8 again after I sold it and bounced at the close. RXSD bounced off 9 7/8 again yesterday. I like this sector for a bounce this year and think some nice gains can be made. I'm also watching TWLB but haven't traded it yet.