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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?


To: Rick Dudley who wrote (24665)8/2/2001 1:01:55 PM
From: NW_Trader  Read Replies (1) | Respond to of 59879
 
Hi Rick,

Let's hope this is good entry (STEM, 4.2), tho would like to be sure 4 will hold (we've been close). I'm still bothered that the press is playing the "frankenstein" card when talking about stem cells - as if cloning humans to harvest them is the only way to make stem cell research work. Oh well, who ever said that the press wants to do anything except pander to the fear and greed of the public. Course, isn't that the way the markets work? <VBG>

Speaking of greed and fear, I sold all but a "keep me interested" position of MOVI yesterday for a bit >10 points when surged - I had had the 33 level (+/- .25) as resistance. Now those overbought oscillators can come into play - the 20 dEMA has been general support recently, but we've come up >60% in a week, so it may not hold. Of course my track record on predicting MOVI's pull backs isn't nearly as good as my anticipating it's run ups. 30 might turnout to be a good rebuy but I'll wait for today, I think.

AVCI I don't follow, but a quick look suggests it may be putting in a bottom, but it's still hasn't broken the down TL, I'll wait for some other confirmation.

RNWK - have a friend who works there, he's got 90% of his personal equity tied up in the stock and options - and from > 60; he's hurting. I follow RNWK a little, but don't see much relief for him, but the stock may have broken it's most recent down TL. I'd give it a day to see.

AKLM doing well today. Just broke 5, so we'll see if it can hold. Flipped KLAC this AM for 1.5. Covered NVLS for a bit less than a point. Sold 1/2 the BRLI for .75 - it's at the top of its channel and should correct.

Peace and Justice --- Patrick