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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: captaintime who wrote (21131)	7/22/2001 10:58:35 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 30051

ny time accounts receivable increase without a clear cause, it is worrisome. I think that in IGT case, one can make the argument that their heavy involvement with overseas operations as well as the launch of new gaming in California justifies extending credit to these operators (unil they become a little more cash flow positive themselves). Nevertheless, there is a risk in that increase of accts receivable, and thus tight stop loss should be used (mine is just under $52) The buying area around $53, seems quite "rational", it is a solid support area, and we should soon see if IGT can withstand an onslaught on the market in general or not. As for COO, the stock bounced back after a breach of the $46 area (intraday breach, not a on a closing basis), so it is not clear yet if that breach was "real or not", but protecting profits and preservation of capital is always more important than maximizing profits, in my book. I am out for now, and will look again if and when one of three things happen, support at the $40 area is demonstrated, a new high is printed after the recent breach (and then the buy will be on a roughly 10% retracement of that new high), or the market in general seems to "have bottomed". As for POOL, SFD and AGM troth have punched new yearly (all time as well) highs last week and could be leading any advance once the market decides to turn up. As always, using stop losses to protect profits should be practiced. An old member of the core is once more approaching the buying zone in the $17 to $18.5 area. If it gets there, once more (the third time this year) I will be buying. By the way, are you in garbage as well (AW)? And, what is doing better for you, trading positions or the core stocks? Zeev