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Microcap & Penny Stocks : Looking for a Bounce -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ who wrote (1551)	7/9/2000 1:36:27 PM
From: ChrisJP	Respond to of 1734

Hi Susie, Two days of "real bake" in the Nation's Capital. :-) ARTD -- Well you never know when one of these will pull a "Dr. Koop". In early June, KOOP announced some additional financial and the stock took off ... for a day or 2. I like to look at charts, but there are some guys on SI who really know what they're doing. The stuff is tough to follow, but the accompanying narrative helps. Here's the guru: Message 14013997 Here's his technical analysis: geocities.com To spare you from looking at the charts: His technical analysis says that the NASDAQ 100, currently in the 3840 range, (Not to be confused with the NASDAQ Composite),needs to break above 4000 soon. Or it will signal a downtrend. So how the markets react to earnings over the next 2 weeks apparently will be very important. For the S&P 500, a drop below 1430 would be bad. (Personally, I'm not concerned unless it breaks 1380). Anything else it does is OK. The S&P and NASDAQ have been climbing a "wall of worry" for the past 3 weeks. So I'm betting that will continue. We shall see. Take care, Chris

To: SusieQ who wrote (1551)	7/9/2000 1:56:11 PM
From: ChrisJP	Respond to of 1734

I definitely think you should stick with stock plays that work for you, Susie. I just meant that if you look at the trading patterns of casualty-du-jour stocks, the best play is the first rebound after the open. In fact, I've made some nice money doing that, thanks to you and this thread. :-) But I've never had any luck trading them after the first bounce. They trade in too narrow a range and the movements are too tough to predict. At least for me. I think the reason is in Jenna's post. After the first bounce, the shorts are in control unless the company or CNBC come to the rescue. Take care, Chris