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Strategies & Market Trends : Z PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: charlie mcgeehan who wrote (3895)	1/9/2000 7:49:00 PM
From: Ron McKinnon	Respond to of 11568

just post a small first buy sometime on Monday at a then realistic current price all the best

To: charlie mcgeehan who wrote (3895)	1/9/2000 10:58:00 PM
From: DanZ	Respond to of 11568

TEVA. Charlie, Thanks for the information on TEVA's fundamentals. FWIW, here is my view on the chart. The stock is at an all time high so it isn't clear where it might find resistance. With the exception of December (when it outperformed), the stock tracked the trend in the S&P 500 fairly well last year. It tracked the S&P 500 last week too so it might be a market performer for a few weeks while it digests its recent gains. If the market continues to rally, I think TEVA might do ok. If the market corrects, I think TEVA might correct. Often when a stock is trading above its upper weekly and monthly bollinger band (like TEVA) it will consolidate for a few weeks if it pulls back inside of the upper weekly bollinger band. The upper weekly bollinger band is at about 69 1/2 and rising. I would guess that if the stock closes below 70, that it will consolidate for a few weeks. Otherwise, it looks like a good hold. Most of our initial trades are between $25,000 and $40,000. Based on TEVA's price, I would recommend buying 300 to 500 shares. Thanks again for sharing your DD on TEVA and I hope that you will share more ideas soon. Dan