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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Rande Is who wrote (18599)1/13/2000 12:57:00 PM
From: American Spirit  Read Replies (3) | Respond to of 57584
 
BEBE running now. On lousy retail day when Hilfiger disappointed. BEBE, ANF, URBN and now IBI dropping into buy range and all have great numbers relative to current price and PE.

Check charts in this sector and find most start making their move this time of year after more modest run in November-December. Don't ask me why but there's a seasonality to retail. All four dirt cheap here.

BEBE's 66% shorts on tiny float may be starting to cover now going into earnings on the 20th which should be stellar.



To: Rande Is who wrote (18599)1/13/2000 2:26:00 PM
From: Proton  Read Replies (2) | Respond to of 57584
 
Re: WCOM

Congrats on catching today's WCOM action.

Resistance at 48 is critical. On the sixty-minute chart, the violation of the ledge at 48 led to the down-spike. On the daily chart, one can see the importance of this level back in October.

One could argue that the decline into Tuesday followed a head-and-shoulders that formed during the fourth quarter. I don't know how WCOM will resolve from 48: I prefer to let Mr. Market do the talking. I do believe this is an important price level.

As I write this, WCOM is at 47 15/16, its high for the day.

P.