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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (25891)4/3/2000 1:18:00 PM
From: Suresh  Read Replies (2) | Respond to of 68173
 
Harry,

I want to be the perfect contrarian... and I am starting to go long. I am planning 1/3rd positions in MOT, PWAV, NEWP, VECO, SCMR by the end of the day. Anyway I will be away on a vacation starting next Monday... so even if the market makes longs puke... I won't be watching.

I am also tempted to go long CRDS.

Suresh



To: Johnny Canuck who wrote (25891)4/3/2000 1:21:00 PM
From: shasta23  Read Replies (2) | Respond to of 68173
 
Harry!

I actually have the feeling that the funds are buying. Sounds strange! But what i see is that a lot of stocks are drifting down on 100-500 share transaction and the you see 10-20000 share lot's going over at the ask which takes the stock higher only to be followed by another downdraft on very low volume. Don't know what to make of it but maybe that means that some funds are taking initial positions at this point but are not buying continuosly. Just an observation!

Stefan