TA for Boneheads update: Please see my previous "Bonehead" posts for all the usual caveats, waivers, warnings, etc. All of this is my work and my opinion only. It may be of little or no value to anyone else! I am not an expert or market guru of any kind; just a "Bonehead" looking for low-risk ways to make money position-trading (NOT daytrading) tech stocks. Price data is from market close, Friday 8/4/00. I may have positions in some or all of the securities listed here. This is posted for the benefit and perusal of all; I receive no direct financial benefit of any kind. Therefore, comments, questions and constructive criticisms are always welcome and greatly appreciated!
New Notes: a * before symbol indicates a "new buy" and "up" or "down" denotes what I believe is the short term trend. OS indicates "oversold" but that is a condition which can continue for quite some time (just like OB-"overbought"). All trends can change fairly quickly so the numbers following are perhaps more valuable. Support points (SP) below the current price and resistance/breakout points (RBOP) above the current price are the result of my attempts to analyze daily charts over a one-year time period and may include a variety of chart patterns (trendlines, triangles, flags, etc) as well as moving averages, momentum indicators, and stochastics (I generally get better and more reliable results with fewer variables!). Since markets are continuously dynamic, a support point (SP) can become a new resistance/breakout point (RBOP) once it has been breached. Similarly, RBOPs can become support points once they are taken out on upmoves. Many times I have used SPs and RBOPs as effective entry and exit points for actual buy/sell stops. Sometimes I use them as guidelines or alerts. I typically allow anywhere from 2-15% as a stop loss on new entries depending upon the individual security and how close to SPs or RBOPs my purchase is made. Here we go.......
A-40 1/16, down, OS, speculative buy, SP 38 1/2, RBOP 53, 60, 70, 81
*ACCD-8 11/16, up, SP 8 1/4, RBOP 9 1/2, 10 1/2, 11 1/2, 13 1/4
ADAP-31 15/16, sideways, near OS, spec buy near SP at 30, 25, 18, RBOP 35, 38, 41, 51
ADIC-13 5/16, sideways, spec buy near SP at 13, 12, 10, RBOP 17, 20
AETH-156 1/2, down, descending overhead resistance at 170, SP 150, 140, 110-130, RBOP 185
ANAD-25 5/16-up, SP 24, 19, RBOP 30, 37, 43, 50
ADSX-3 17/32, down, SP 3, 2, RBOP 5 1/2, 6 1/2, 8 1/4
AOL-52, sideways, OS, SP 51, 48, RBOP 63, 70, 75
ARTT-10, down, OS, SP 10, 8, RBOP 13, 18
*ATHM-14 3/8, up, SP 13, RBOP 18, 23
ATML-27 11/16, down, near OS, SP 25, 22, 15, RBOP 31, 35, 41
*BOUT-31 1/2, up, SP 27, 22, RBOP 32, 36, 40, 51
CICI-3 5/16, down, SP 3, 2 7/8, 1 3/4, RBOP 4, 5
*CNQR-4, up, SP 3 7/16, RBOP 5, 7 1/2, 10
*CNXT-30, sideways, OS, SP 30, RBOP 40, gap to 45, 60
*COMS-17 15/16, up, SP 14
*COVD-15 7/8, OS, double-bottom, SP 15 1/4, RBOP 21, 24, 30
*CS-27 1/2, up, SP 27, RBOP 31, gap 38, 47
*CSCO-66 9/16, up, buy stop at 67, SP 60, RBOP 70, 76, 83
*CTXS-14 15/16, up, SP 14 1/4, RBOP 19, gap to 40
DISH-40 9/16, up, SP 39, 36, 31, RBOP 46, 51, 65
*DITC-52 1/4, up, SP 48, 43, RBOP 60, 72, 90, 97, 111
EGAN-6 15/16, down, near OS, no SP, RBOP 8, 11, 18, 23, 31
*ENGA-8 5/8, up, OS, SP 8 1/4, 7 1/2, RBOP 10, 15, 17, 21, 30
*ELON-36 7/8, up, SP 32, 30, 28, RBOP 40, gap to 45, 50, 58
*EXDS-51 1/8, up, SP 42, 37, RBOP 56, 72, 88
*EMLX-67 15/16, up, SP 57, 47, RBOP 71, gap to 80, 120
*FBCE-7 5/8, up, SP 7, 6 1/2, 6, 5, RBOP 9, 10, 11
*FNSR-27 3/8, up, SP 23, 22, 21, RBOP 30, 35, 40
*GBLX-30 1/8, up, SP 27, 24, RBOP 32, 35, 39
GNSL-16 3/8, down, OS, spec buy, SP 15 1/2, 14, RBOP 19, 24, 31
HLIT-23 9/16, sideways, OS with possible double-bottom, spec buy, SP 22, RBOP 30, 37, 45
*HLTH-12 7/8, up, SP 12 1/2, 12, RBOP 15, 19, 22, 27
*GLW-267, up, SP 250, 230, RBOP 277, 287
IBM-115 7/8, up, SP 114, 110, 100-105, RBOP 117, 121, 128
IATV-13 3/4, down, near OS, SP 13, 11, RBOP 16, 20
IFCI-17 13/16, down, near OS, SP 17, 15, RBOP 20, 26, 29, 37
*IFMX-4 3/8, up, spec buy at 4 1/4, SP 4, RBOP 5, gap 7, 10
*IMNX-51 11/16, up, SP 49, 46, 38, RBOP 56, 62, 66, 70, 85
*INPH-18 7/16, up, SP 16, 13, RBOP 20, 28, 35
INSP-29 13/16, down, near OS, SP 27, 20, 15, RBOP 36, gap to 42
IONN-2 7/16, near OS, spec buy, SP 2 1/4, 2, RBOP 3, 4, 5, 7, 8, 11
*ISLD-27 1/4, down, OS, SP 25, 18, RBOP 30, 40, 50, 60
*JDSU-115 15/16, sideways, SP 108, 95, RBOP 121, 130, 141, 151
*JNIC-48, up, SP 40, 35, 30, 26, RBOP 51, 60, 63, 68, 80, 90, 110
LCOS-58 1/2, down, SP 56, 52, 49, 45, 41, RBOP 61, 66, 71
*LPTH-34 9/16, up, SP 29, 25, 20, RBOP 36, 42, 48, 51, 57, 60, 70
*LQID-6 3/4, up, spec buy, poss double-bottom, SP 6, RBOP 8, 10, 15
LRCX-23 3/4, sideways, OS, spec buy, SP 23, 19, RBOP 27, 30, 35, 40, 45
LU-42 7/16, down, near OS, spec buy stop at 44, RBOP 50, 55, 60, 67, 72
*METHA-46 7/8, up, SP 43, 38, RBOP 52, 56, 60, 65
MMPT-12 1/4, sideways, spec buy, SP 10, RBOP 16, 19, 23, 25, 35
MOT-35 7/16, sideways, spec buy, SP 33, 29, RBOP 38, 40, 45, 52, 56
*MSFT-69 1/8, up, SP 67, 64, 61, RBOP 72, 76, 83, 90
*NBCI-10 7/8, sideways, OS, SP 10, RBOP 13, 17, 20, 29
NETP-12, sideways, OS, spec buy, SP 10, RBOP 15, 20, 25, 31
NOK-39 1/2, down, near OS, SP 37, 34, 28, RBOP 42, 46, 51, 57
*NT-74 1/2, sideways, spec buy, SP 70, 67, 65, 60, RBOP 77, 82, 85
*NXTL-57, sideways, spec buy, SP 55, 52, RBOP 61, 65, 74, 83
*NUAN-158 3/8, RBOP buy at 142, no further reliable data
*NTRO-54 3/8, sideways, spec buy, SP 49, 40, 30, 25, RBOP 63, 80, 91, 102
*PBSC-26 3/4, up, RBOP buy at 22 1/2, SP 22, 20, RBOP 29
*ORCH-48 11/16, up, RBOP at 42, SP 45, 42, 37, RBOP 52, 57, 61
*OMKT-6 1/4, up, OS, spec buy, SP 6, RBOP 8, 10, gap to 12, 15, 20
*PALM-38 15/16, up, RBOP buy at 37, SP 37, 35, 30, RBOP 41, 48, 51, 60, 72
PSFT-24, up, SP 21, 19, RBOP 26, 28
PSIX-16 1/8, sideways, OS, spec buy, SP 16, RBOP 23, 30, 35
*PUMA-19 13/16, up, SP 18, RBOP 24, 30, 40, 51
QCOM-64, sideways, near OS, spec buy, SP 62, 53, RBOP 71, 74, 85
*RSAS-63 9/16, up, SP 60, 55, RBOP 70, 81, 93
SBAS-6 5/8, down, near OS, SP 6, 4, RBOP 8, 12
*SCMR-130, up, SP 120, 110, 100, RBOP 141, 151, 158, 181, 200
*SCON, 20 3/8, up, SP 19, 13, RBOP 30, 41, 55
SVNX-29 15/16, down, near OS, spec buy, SP 29, RBOP 36, 42, 51, 61
*TFSM-11 7/16, up, SP 10, 9 1/2, RBOP 16, 21, 25, 31
*TGNT-18 3/4, up, SP 18, RBOP 22, 28, 31, 41, 57
*VNTR-14 1/4, up, SP 12, RBOP 18, 27, 33, 37
WCAP-11 1/8, sideways, near OS, SP 10, RBOP 14, 17
WCOM-37 5/8, down, near OS, SP 36, RBOP 41, gap to 43, 46, 50
*WFII-66 9/16, up, buy stop at 65, SP 60, 55, RBOP 71, 82, 95
*WRLS-13 13/16, down, held uptrend SP at 12 1/2, SP also at 11, 8, RBOP 18, 21, 26
Sorry if I forgot to include your favorite. Post it or PM me and I'll take a look.
BTW, my nomination for the SI Technical Analysis Award was a complete (and pleasant) surprise to me! To even have been considered was a great honor, especially considering the caliber of many of SI's technical contributors. Hopefully, my nomination will have encouraged veterans and novices alike to resharpen their pencils and continue to hone their skills for the benefit of every individual investor. I compliment and congratulate all the winners and nominees, with extra kudos to our own Rande, and I look forward to greater efforts from every contributor.
Very Best Regards To All,
Mark Konrad |
