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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: j g cordes who wrote (31040)3/12/2001 1:58:33 AM
From: dlu  Respond to of 67823
 
Sure, if you are so inclined, go ahead and add them.

The charts don't look bad on any of them at the moment, with the exception of USON which seems to be going through a bit of a selloff... my feeling is that it's short term and due to the general selloff.

When the market turns around I will be going longer term on USON, IRF and possibly RDRT. Still concerned about my NEWP buy on Friday... it's well off its recent highs but I think I may have jumped in too quickly... setting tight stops on it.

dlu



To: j g cordes who wrote (31040)3/12/2001 5:42:11 PM
From: dlu  Read Replies (1) | Respond to of 67823
 
UDI news announced today...

Muskegon, Michigan, March 12 (Bloomberg) -- SPX Corp. agreed to buy United Dominion Industries Ltd. for about $1.76 billion in stock and assumed debt to add its lines of pumps, filters and other engineered products and almost double annual sales.

Wishing I'd kept this one a bit longer... ah well

The talking heads on CNBC just told me there does not appear to be a lot of short covering occurring. Maybe it's just me, but I'd be somewhat nervous being in a lot of short positions right now.

dlu