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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (27660)12/21/2001 2:40:16 PM
From: James Strauss  Respond to of 29382
 
Interesting to note that there's a gap right where you indicate is support. How about the v shaped island formed in the second half of Sept. to beginning of Oct. ? Does that look like an island reversal to you?

Sergio:

Good observation... There was a gap up from the Sept low on 9/21... A classic Island Reversal...

The SOX is below its 13 day MA... It needs to get back up above the 520 area, and then the 540 area to reverse the current downtrend...
stockcharts.com[m,a]daclyyay[pc13!d20,2!c50!c100!f][vc60][iLb14!La12,26,9!Lk14!Lf!Lg!Lc20!Lp14,3,3!Ll14]

The BTK needs to get above the 590 area, which is just above the 13 day MA...
stockcharts.com[m,a]daclyyay[pc13!d20,2!c50!c100!f][vc60][iLb14!La12,26,9!Lk14!Lf!Lg!Lc20!Lp14,3,3!Ll14] The chart is mildly bullish...

Jim



To: Sergio H who wrote (27660)12/21/2001 3:06:01 PM
From: Crossy  Read Replies (2) | Respond to of 29382
 
Hi Sergio & all,
I recently stumbled over an interesting play in the fields of Nanotech : NasdaqNM: HHGP (Harris & Harris Group)

HHGP seems to be one of the few publicly trading "pure play" nanotech companies out there (besides CRDN, NANX, ALTI) and it looks like a VERY EARLY ENTRY opportunity. Stock has been moving over the last 2 days..

biz.yahoo.com

Currently trading at $2.15. Outstanding : 9.06m, Float : around 6m. Company has the policy to buy back shares on the open market when the stock price is below its Net Asset Value (NAV). The current discount (30%) is huge and looks like a good cushion for this otherwise very volatile type of investment ("incubator").

HHGP invests in early stage venture opportunities, especially into nanotech-related businesses. Currently trades at $2.15 - Huge discount to its Net Asset Value (slightly below $3.00)

quote.yahoo.com
biz.yahoo.com

Harris & Harris Group Reports Net Asset Value of $2.92 Per Share as of September 30, 2001
NEW YORK--(BUSINESS WIRE)--Oct. 17, 2001--Harris & Harris Group, Inc.(NASDAQ/NMS SYMBOL: HHGP - news) announced today that its unaudited net asset value and net asset value per share (NAV) at September 30, 2001, were $25,922,620 and $2.92, respectively.

Most of the reduction in net asset value in the third quarter ended September 30, 2001, was owing to declines in value of the Company's publicly held holdings in Nanophase Technologies Corporation (Nasdaq: NANX - news) and Genomica Corporation (Nasdaq: GNOM - news) prior to the Company's complete sale of those holdings in the third quarter. These sales took place prior to September 11, 2001. Nanophase and Genomica had been private equity investments of the Company prior to their initial public offerings in November 1997 and September 2000, respectively.

To date, the tragic events of September 11, 2001, have not had a significant overall measurable effect on the value of the Company's private equity holdings. However, we are mindful that the aftershocks of the September 11 disaster are still working their way through the economy and that the vulnerability to economic shocks of thinly capitalized, high technology, start-up companies with negative cash flows is always high. Thus, it may well be that the full negative effects on the Company's private equity portfolio of September 11 lie ahead. Meanwhile, the Company has maintained liquidity for working capital, follow-on investments and new private equity investments. Cash and equivalents at September 30, 2001, totaled $14,158,263.

After repurchasing 200,000 shares of its common stock late in the third quarter, Harris & Harris Group now has 8,864,231 common shares outstanding. Since 1998, the Company has repurchased a total of 1,859,047 of its common shares. The Company is a Business Development Company. Detailed information about the Company and its holdings can also be found on its website at www.hhgp.com.



To: Sergio H who wrote (27660)12/21/2001 10:14:43 PM
From: David Smith  Respond to of 29382
 
Monday's one of those "day-trading" days, right? One of those days that comes this time of year when people take off from their real jobs, sit at home and trade stocks, right?

You remember, don't you??

Fun!!



To: Sergio H who wrote (27660)12/22/2001 8:17:58 AM
From: brogan  Read Replies (2) | Respond to of 29382
 
Hola Amigo, Ken and Feliz Navidad to ALL!
MLSW picking up along with volume. Friday impressive
"under the radar" day. Sales of their SecureDVR CCTV
strong with security what it is these days.
siliconinvestor.com
FCSE also going to see much higher chip sales.
siliconinvestor.com
Regards