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


To: Johnny Canuck who wrote (27063)6/19/2000 3:20:00 AM
From: Johnny Canuck  Read Replies (2) | Respond to of 68311
 
'kensey' has recommended MRVC (Long) at Jun 19 2000 12:36AM

MRV Communications ( NASDAQ : MRVC )
Electrical Computer - Semiconductor : 2 new highs in group of 72

Symbol Last Time Change High Low Volume
----- ---- ---- ----- ---- --- -----
MRVC 55.38 6:37PM 2.38 56.44 52.13 2,196,600

Community Take
--------------
114 Long / 3 Short

'kensey' said:
while the market continues to drift, i'll be looking for more
stocks to buy. the economic calendar is relatively blank up
to the Fed meeting at the end of the month. the tentativeness
of investors at this juncture has to be seen in order to be
believed : while hands are being wrung, there are many stocks
perched and poised to become the new leaders.

the latest batch of high relative strength stocks that i have
come up with consists of the following names :

kopn celg cdwc andw na medx nsit plxs remc tech tlgd trmb wat
digl mvsn mmcn pwr hdc alsc ntro xlnx eog oil stj flsh issi tsem
payx idph xtnd artg plcm vrts mrvc anen simg exds altr mlnm

all these are to be added to the recommend list without further
ado. the performance of this crop will be monitored closely and
positions will be taken in a select number of the outperformers
over time.

any one of these that drops ten percent may be automatically
and unceremoniously removed.

one reason to blast all these on my list is to rid any and all
notions that the recommend list is a portfolio.

it isn't.

so here ya go. 38 stocks that i am considering. it is the high
echelon of my watch list.

most exhibit the one characteristic that i like the most : buy volume raining down in sheets. no hands being wrung here.

kensey
See the annotated graph of this recommendation at:

clearstation.com

*********************************
*********************************

XLNX and ALTR - good technical strength is good indication of anticipated good demand for telecom products.

ANEN is up due to demand for equipment that need to be install in LMDS base stations. They have a dominant market position. Look pricey at current levels.

NTRO - take over rumors.

ANDW - start of new deployment cycle for LMDS

KOPN - strength surprises me, so so conference call, demand for wireless products driving this stock, also possible new demand for new display components.

DIGL - no idea what is keeping this stock up, it only makes test equipment for fiber optic systems, not optical components

Harry