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


To: Clint E. who wrote (26158)4/14/2000 10:10:00 PM
From: drsvelte  Read Replies (1) | Respond to of 71004
 
Hi Clint!

I think we're getting close to the area of indiscriminate selling in some of these stocks. When COMPX was down 410, I was buying JDSU, AMCC, TXCC, MRVC, AHAA, and ADAP. Pray the Rosary please! I have still 50% cash so I'm not uncomfortable.



To: Clint E. who wrote (26158)4/15/2000 1:29:00 PM
From: xcr600  Respond to of 71004
 
Couldn't agree more with your list. I already started in some- BRCD, RFMD, ADAP, QLGC. Adding PMCS and some other's Monday.

I watched RFMD trade all day. It is one of the stocks I monitor continuously as it makes for good swing plays. It held up "fairly" well all day in the 80 range. Then at the end of day the MM's pulled the bids and walked it down to the 200dma. The stock promptly recoverd back to the 80 area. I just don't see much downside from it's current levels as there was strong buying in that range. fwiw.

This is really burning me out. A big break after next week is needed for all I think.

Good luck



To: Clint E. who wrote (26158)4/15/2000 11:30:00 PM
From: dppl  Read Replies (1) | Respond to of 71004
 
Hi Clint,

Good to hear from you and see your powering on. yes I went 1/3rd long on Friday - buying in the area you mention. My guess is that we bounce around the 200 DMA - around 3150/3259 area (after a gap down Monday. It's very hard to trade this sort of thing except with limit orders.

We could retrace almost up to 4K. But of course we'll retest.

Anyway, most of us still are ahead 40% compared to a year ago or so, so let's keep rocking and rolling.

Hope all's well at the new job.

I can say that in my field (Net applications) things are good as everyone moves to a web-centric environment.

Thomas