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Strategies & Market Trends : Gorilla Game Investing in the eWorld -- Ignore unavailable to you. Want to Upgrade?

To: Teflon who wrote (1673)	3/23/2000 1:07:00 PM
From: Sir Francis Drake	Read Replies (1) \| Respond to of 1817

re: SFE - the stock almost doubled in about a month, and indicators show ST overbought condition. However, frankly, it is CHEAP on a relative basis (compared to other incubators), and is SAFER than other incubators. If you want to trade this, then ST TA is useful, but if you are a LT holder - this is as good a place to buy as any. Tradingwise - the stock is too weak right now to break out on its own. If a break was going to happen, it would have happened already. However, news ALWAYS overwhelms TA - if Blodget comes out touting SFE - watch out - to the upside! The TA: The lower band on SFE right now is low-mid 70's. The 100 number is resistance, but magnetic resistance (this means that w/ good news, the 100 will ATTRACT people as they want to get in "under 100", and that makes the stock zoom to break 100 - absent a propelling event like that, the 100 is resistance, because people don't want to get in "high" and 100 seems like an extra digit and so "too high"). If you get in now, your downside is 70-75 (depending on general market conditions). The risk you face in NOT getting in, is that UNANTICIPATED news, will leave you behind as the stock breaks 100 (anyone who tells you that TA is imprevious to news, is a liar - look at what happened to RMBS yesterday on the one analyst pronouncement). Re: RRRR. I only know about this company, because another RS analyst Scott Appleby has spoken about it in the past. Personally, I'm staying away, based on the theory - "buy the leaders". I just don't see what makes them special - there are plenty of stocks out there that seem better bets. Then again, I have not done any extensive DD on them. Morgan