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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?


To: Guy Gordon who wrote (4389)1/12/2000 9:27:00 PM
From: Guy Gordon  Respond to of 24042
 
Channel trading got me into another good stock: ANAD

Anadigics makes mostly Galium-Arsenide semiconductor chips used in cell phones & cell phone stations. These RF chips have to operate above 1GHz where plain silicon starts to fail. But Anadigics is also in optics drivers. This joins PMCS, AMCC, and EMLX.

Here's a chart of ANAD since Oct 1998:
white-crane.com

On it you can see that I missed the buying opportunity on Oct 18, 1999. So I wanted to be sure I got in the next time. Here's a 6-month chart, showing that I got in just two days too early. I bought at the 26-day MA, thinking it wouldn't drop lower. Of course it did. :-( But it never broke the bottom of the channel.

white-crane.com

Here are a few other charts:

white-crane.com
We've made a new high every Monday for the last three weeks. Hmmm.. Nah. Too much to ask for.

white-crane.com
Look out below on MRVC. Broke the 26-day MA and my channel, and has a bearish divergence with the RSI.

white-crane.com
OPTX peaked and is heading down.