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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: TH who wrote (4511)1/7/2000 11:59:00 AM
From: Jorj X Mckie  Read Replies (1) | Respond to of 19428
 
Hi Thurston,
My entire list was based on the P&F charts. I didn't examine fundamentals at all. I probably should have stated that up front.

Why it caught my eye....
It broke major, major support at 17.5. The support was a Quintuple bottom. In the process, it also broke a spread triple bottom and the bullish support line. This tells me that there are not a lot of holders of the stock at prices between 17.5 and 11.5. Also, there was a great deal of consolidation in the trading range of 17.5 and 19.5...like it was waiting for something....it looks like whatever that "something" is, it ain't good.

On the other hand, I am not shorting the nuts right now as I think that the bottom may be in for that sector (with some exceptions). And I am not short ISPD.

I would wait for Auric's comments before doing anything with them.
JXM