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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Original Mad Dog who wrote (42166)	6/27/2000 2:40:00 PM
From: Original Mad Dog	Respond to of 63513

Explanation of MCHP pick: I do not think we run after Fed meeting, or if we do it will be short-lived, followed by a pullback and then another slow climb. In that environment I like stocks which have consistently stayed above the 200 DMA and ascended gradually. Quick-moving "story" stocks do not interest me in the current environment due to a high downside risk. The green line on this chart is MCHP's 200 DMA: finance.yahoo.com The 200 DMA is like a long stairway moving gradually upward. The shares have stayed above the 200 DMA for almost a year and a half, and have not even descended down to test that level the entire time. I think that will continue. Right now the shares are at just under 55 and the 200 DMA has moved to about 50 for the first time ever. In a month it should have hit 65 at least once and maybe more, for an easy gain of almost 20 percent with relatively low downside risk. Since a Feb. 8 stock split it has climbed into the mid-60's about 5 separate times in five months: chart.yahoo.com Warning: I have been in this stock for 5 years ..... Gloopmademeshill.com