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

To: ~digs who wrote (19)	8/9/2001 1:47:51 AM
From: ~digs	Respond to of 130

no new ideas 2nite. too busy w/ other things...

To: ~digs who wrote (19)	8/10/2001 12:22:58 AM
From: ~digs	Read Replies (2) \| Respond to of 130

update: ---CPST: gap down, new all time low, down 12% today on a big volume stick... this one is slowly rising to the top of my DCB radar. The daily ADX on this thing is at 48 now. 12:38PM Capstone Turbine (CPST) 8.59 -1.16: Sources at Salomon Smith Barney telling us that the firm is defending CPST; believes weakness is related to recent insider selling, but believes stock is oversold and that there is now little downside risk in the shares. Note the numerous 144s: biz.yahoo.com Paul Allen and his Vulcan Ventures filed to sell ~1.7 million shares on June 29th. The low today on CPST was 8.09. The hourly chart reveals an ADX of 42. Wait for a reading near 60 and shares offered below 7.75 for starter position. Look to add if price becomes 5% less than that = 7.35 Set a stop loss on all shares at 10% less than your initial entry = approximately 7. Initial target = 5 day ema = 9.83 and falling ---SPLN: nuthing new ---PRX = the one that got away... yikes. Review the weekly chart on this one to help reinforce what a parabolic rise looks like... also look to see what the indicators were doing and other clues as to why this was a fabulous short above 40. There's a lot of money to be made w/ this type of play. <If you're aware of other charts that look similar please don't hesitate to mention them, i'd be happy to give my opinion... fwiw> ---FTHL: loser ... stopped out... hypothetical loss based on previous posts regarding FTHL would be about 10 cents, or 1 - ($2.40/$2.50) = 4% Stock must take out its previous day's high b4 it can go back on radar. ---ITRU : nothing notable ---EASI: test of top on the 15 min chart.. maybe make a new high 2morrow, maybe not. Altho it could falter, has not reached target entry yet... waiting for about 50. ---NBTY: broken, 17 resistance held, trade idea is 'in the money' . I personally would trail my stop down here. Where to set it? Go to smaller chart interval and witness the breakdown point ... which was about 16.4 Don't set it at that intraday support failure level, as it may retest what is now resistance. Instead, identify the lower top which occured prior to the breakdown = ~ 16.75 ... i'd put it near there. Initial cover for profit zone is the 20 day ema = ~15. <just my way of playing it, ymmv> ---KRON: showed a small bit of weakness today ... but not much. Stop loss above 51.6 as yet unexecuted. ---EAG: some upticks but nothing special... stop loss below .89 as yet unexecuted. ---FIMG: broken... lower stop loss from above 12 to your entry point so as to (all but) eliminate your risk on this trade. Keep it as wide as is comfortable however... stock has moderate liquidity. Target = 20 day ema = 8.42 and rising sharply.