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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (4474)	9/1/2000 8:14:14 AM
From: Boplicity	Respond to of 13572

I have added INAP to my last mile port. You can clearly see who the winners are todate lets see if INAP joins them. siliconinvestor.com Greg

To: MulhollandDrive who wrote (4474)	9/1/2000 8:23:52 AM
From: Boplicity	Read Replies (1) \| Respond to of 13572

From the bull market research TODAY'S SELECTIONS First of all, as we head into a three day weekend, we are expecting very light volume, so use extra caution and expect abnormal intra-day moves today. If you are not used to trading in this type of pre-holiday environment, consider either paper trading, or taking the day off from making any trades. Today, we present two long selections for your consideration. 1. Echelon Corporation (ELON) Long Trade 2. Macromedia, Inc. (MACR) Long Trade DISCUSSION 1. ECHELON CORP. (ELON, $47.06, up $8.31) develops, markets and supports a family of hardware and software products and services that enables original equipment manufacturers and systems integrators to design and implement open, interoperable, distributed control networks. A control network enables any group of electrical devices, called nodes, to be linked together to implement sensing, monitoring, control and communications capabilities for a variety of applications. Echelon broke out of a four-week consolidation or basing pattern on Thursday on high volume after A.G. Edwards came out with a buy recommendation and a $50 price target. The Bollinger Bands were very constricted during the past two weeks indicating much lower than average volatility. After such a low period of volatility, stocks have a tendency to revert back to a more normal or historical average level of volatility. We show a buy signal from Chaikin Level Peak and Two Moving Average Crossover trading systems. The stock shows buying pressure and accumulation. The 10-day Moving Average (MA) is crossing the 40-day MA, a bullish sign. ACTION: BUY after the stock opens for trading. This stock can be very volatile with a wide intra-day trading range. If the stock gaps higher at the open, wait for a possible pullback for a lower entry between 30 minutes and an hour after the open. This is when most price reversals occur in the morning. A technique that works well for us is to watch a 5-minute real-time chart with an MACD overlay to see where crossovers occur, indicating price reversals. Our target is $57. Place an initial protective stop at $39. For the CHART: thetechnicalinvestor.com NEW Printer Friendly Chart: thetechnicalinvestor.com ================================================= ================================================= 2. Macromedia, Inc. (MACR, $69.11, up $0.98) develops, markets and supports software products, technologies and services that enable users to define what the Web can be. Macromedia's customers, from developers to enterprises, use Macromedia solutions to help build compelling and effective Websites and eBusiness applications. Macromedia has two primary business segments in which it operates: the Software business and shockwave.com. We have a buy signal from Stochastic Peak, Stochastic %D Moving Average Crossover, and Relative Strength Index trading systems. The stock is slowly rising from its lower Bollinger Band and there is also a positive MACD crossover, a bullish signal. ACTION: BUY with a limit of $70. Our target is $80. Place an initial protective stop at $62. For the CHART: thetechnicalinvestor.com NEW Printer Friendly Chart: thetechnicalinvestor.com ================================================= ================================================= STOCKS TO WATCH FOR POSSIBLE LONG POSITIONS: Atmel Corp. (ATML, $20) Clarus Corp. (CLRS, $60.50) Cisco Systems (CSCO, $68.63) Dell Computer (DELL, $43.63) Global Sources, Ltd. (GSOL, $33.18) Internap Network (INAP, $36) you are not the only one. LightPath Technologies (LPTH, $52.75) Millicom International (MICC, $44.18 I beat them on ELON. <gg> Greg )