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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (7663)1/23/2001 8:30:44 PM
From: James Strauss  Read Replies (1) | Respond to of 13094
 
Nasdaq... Next Stop 3000...
**********************************
We have one of those overbought cycles where the Nadsaq continues to rise...
stockcharts.com

This happens during very bullish runs... All indicators are pointing north...

New Lows on the NYSE and Nasdaq continue to be overpowered by the New Highs...
finance.yahoo.com

With rate cuts coming, the Nasdaq should at least move to the 3600 to 3700 area in the next 30 days...

Jim



To: James Strauss who wrote (7663)1/23/2001 9:40:16 PM
From: Jibacoa  Read Replies (1) | Respond to of 13094
 
JIM:

RRRR: Most of the heavier volume around 1.15 and 3.15PM today was on the up-side.It did weaken some near the end, but there seems to be good support at 2 15/16.

It finished the day up 3.06% on volume of 742,700. I am looking for it to close above the Jan.17 H of 3 5/8.That would also take care of the double top on Dec12 & 13 at 3 5/16.

I look at the next resistance then at the 4 1/4 to 5 3/8 before it could try for the triple-top on the first week in November in the 6 1/2 to 6 5/8 area.

Even though the net loss increased 59% to $101.3 million for the last 9 months in spite of an increase in revenues to $80.9 million (from $19.1)it is still selling below book and reportedly have $2.72 cash/share. The insiders hold 63% and institutions 41% (112% of float) and have reportedly being buying more lately.

I have added to my position and have an optimistic target for it this year of 21. As you recall last year's March H was 94 3/4. (I sold most of my position last year quite too early)<g>

RAGL

Bernard



To: James Strauss who wrote (7663)1/24/2001 10:52:07 AM
From: James Strauss  Respond to of 13094
 
New 13's...
$$$$$$$$$$
We are seeing more 13's than we've seen in nearly a year... That's a bullish sign for the small caps...

USON
PTNR
NSTK
MAPX
IMCI
ENN
ELCO
BPRX

Jim