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To: drsvelte who wrote (12588)	3/22/2000 1:51:00 PM
From: shasta23	Respond to of 14427

HI DOC! Normally i don't do IPO's since i like to see the bigger picture in the chart. Yes, i like the fact that CLINT recommends it since i think highly of his abilities fundamentally, indenpent thinking and timing. That's why i bot CPTH which so far is under water. But like you i buy small shares with these kind of volatile and untested waters. Some of these stocks move so much that 50 shares can be worthwhile. Since End of day data is hard to interpret with so few bars i would look at intraday: siliconinvestor.com BTW i think the panic phase is over now! during those shakeout days TA didn't do much good for me and i was doing more tape reading and rhythm of trades things. Basically pure feeling and somehow that worked. But now we're back into a more controlled environment and there i like trend lines and moving averages in the 15min time frame for these volatile stocks. I like the fact that the 30SMA15 has turned and the 100SMA is flattening. But we're hanging right under that resistance. I would buy on pullback to the shorter MA or on breakout above the 100sma15. A break under 157 would mean that we have a negative gap pattern and it would also mean a break under uptrend line and under 30SMA15 which i don't like... I have put the stock on my watch list now. Like to watch sometimes a little bit the action(if things are not moving too fast) before buying... I'm a little wary about the market and wait for a pullback. Have sold everything except CPTH in the hope for better entries which i can have in almost all stocks. But waiting for even better time. This has often been a big mistake of mine. Real trending markets is my greatest weakness! I do better in a situation like the last two weeks. Was happy to get out of HLIT for breakeven...violated all trading rules there and already felt that i would be getting punished severely for it but escaped. I'm thankful! take care! Stefan