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To: Mark Konrad who wrote (31170)8/3/2000 1:24:31 PM
From: BANCHEE  Respond to of 57584
 
Mark
what can I say,,,,
You are truly a star on this thread..
You are making me a believer of TA..
Banchee



To: Mark Konrad who wrote (31170)8/3/2000 1:42:22 PM
From: Trumptown  Read Replies (1) | Respond to of 57584
 
Was that a good healthy dose of capitulation this morning...?

A strong close, decent numbers tomorrow, and the bottom may be in...otherwise, more of the same...

SR



To: Mark Konrad who wrote (31170)8/3/2000 1:49:12 PM
From: Kaliico  Read Replies (2) | Respond to of 57584
 
For those playing recent IPO's, caution is in order here.

Imho, short term IPO trading with tight stops is the safe way to go here in this market.

Today several new issues came to market, most are under water, although they are not stellar companies for the most part. RSNT, iam liking the more dd I do, low float, but priced quite high = can be a good sign, but it is GS underwritten, and they tend to over price imho.

To the point, I think this cycle of ipo's is just about over, if you feel we have further downside in this market ( I do)....IPO's will be the first to tank, have a look at TNSI (actually looks slightly attractive at these levels) down from 44 to 16 in a week, also ACCL was way down.

The only 2 ipo's iam liking are SPWX and AVCI

AVCI getting very pricey imho. SPWX in and out trading.

Also NUAN, just did it again, reminds me of that bouncing ball sing along, has been very predictable. NUAN and SPWX in the same biz.

K