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Strategies & Market Trends : Stocks with 'Dead Cat Bounce' potential -- Ignore unavailable to you. Want to Upgrade?


To: ~digs who wrote (10)8/7/2001 1:08:23 AM
From: ~digs  Read Replies (1) | Respond to of 130
 
New Long Ideas: (not for faint of heart)

CPST , go long near 8 dollars a share , daily chart :http://stockcharts.com/def/servlet/SC.web?c=CPST,uu[h,a]dhclyimy[pc40!c200!d20,2][vc60][iUk34,1,1!La12,26,9!Ll14]

OPAY , thin stock , low ball bid near 2.75 could prove profitable ... if sold on the inevitable DCB. Daily chart: stockcharts.com[h,a]dhclyimy[pc40!c200!d20,2][vc60][iUk34,1,1!La12,26,9!Ll14]

SPLN , been getting hammered... maybe this one will bounce off a buck? Weekly chart: stockcharts.com[h,a]whclyimy[pc40!c200!d20,2][vc60][iUk34,1,1!La12,26,9!Ll14]

FTHL , has a fiber network that's gotta be worth something... longs are feeling the pain here... target entry = less than 2.5 for potential double bottom bounce play: Weekly chart: stockcharts.com[h,a]whclyimy[pc40!c200!d20,2][vc60][iUk34,1,1!La12,26,9!Ll14]

ITRU: has been basing near a dollar for several weeks. Has recent news that is supposedly beneficial. Buy near 1 dollar set your stop below the 52 week low = .95 / Initial target sell price = recent top near 1.3 , daily chart:
stockcharts.com[h,a]dhclyimy[pc40!c200!d20,2][vc60][iUk34,1,1!La12,26,9!Ll14]



To: ~digs who wrote (10)8/8/2001 12:49:28 AM
From: ~digs  Read Replies (2) | Respond to of 130
 
Brief TA Follow-up for stocks discussed thusfar:

KVHI: off radar

PCW: presently neutral = avoid

PRX: missed optimal entry point so watching it in the rear view mirror. Still have minor interest in it due to an amazing runup as evidenced by the weekly chart... Stock would have to trade near its highs again for me to become interested. Will re-assess at that time should it occur. Possible long for bounce up within an uptrend but too risky given the percentage gain this one has already had this year... imo

ANCC: winner. stock was up another 46% today for almost a two day doubler. The play on this one is over... sell and rotate off of radar.

ATHM... up 18% today.. played like a fiddle... COVD filed for bankruptcy today and they are seen as a competitor to ATHM so perhaps that was part of today's upside catalyst <shrug>. At this point, option #1 after proper entry would be to raise your stop to your entry point (at the very least). Option two would be prepare to sell it ... if you haven't already :-) Target of 20 day ema has not been reached yet = ~1.65 and falling

CPST: holding firm near 10 dollars so far... altho this one is presently oversold and could bounce soon, i'm not interested in it yet as i don't see my desired risk/reward... show me single digits and i'll become more interested... i'm looking at the lower bollinger band which is near 7.5... that would be ideal altho the stock has a ways to fall yet should that price present itself

OPAY: stock gapped up almost a dollar today... or ~33%... closed up 14%... did not provide for entry near 2.75 prior to this bounce and so will likely discard this stock as having already bounced... OPAY off radar

SPLN: bounce up initially this morning along with many other net stocks... nothing special altho the volume was decent... still monitoring

FTHL: target entry below 2.5 was reached early this morning but it did not stay there for very long. stock bounced off 2.5 again just b4 the close. Good volume with a small hammer candlestick printed on the daily. ADX is 51. Test of Double bottom formation is evident. This one is ready for its relief bounce which i think could occur over the next few days or so. Target = ~4 bux.

ITRU: entry near 1 dollar easily attainable given today's price action. stop would be .95. Narrow range bar with small relative volume... this stock could languish for a while yet. Instead of tying up capital, I usually wait on this type of play (stock is consolidating within triangle) for some upticks prior to entry. ITRU is not a DCB play. More similar to a breakout candidate. (looking for it to cross its daily downtrend line)

DIS: bouncing some and the triple bottom has held thusfar. Also not a DCB play.

EASI: ended on the plus side but has not reached my target short zone yet ... which is above 50.

NBTY: high for the day was 17. Watch for a blowoff top 2morrow morning... which would be a gap above 17 and a close below the opening price. this stock is ripe for a pullback and my thinking is that is should occur shortly

MESA: also positive today but has not reached my target short price... looking for better than 14 dollars a share

GSPT: rotating out of universe... i don't like the way this one trades... reminds me of GENI... off radar

KRON: target short price of 50 or better achieved. Stock hit its upper bollinger band near 51 during a ramp job in the morning... then sold off for the majority of the rest of the day. No bearish candlestick yet and good volume so keep them stops tight. Probably a hair above today's high would be prudent = greater than 51.6