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Strategies & Market Trends : Charts on Near Term Uotrends -- Ignore unavailable to you. Want to Upgrade?


To: Jibacoa who wrote (306)2/15/2002 3:57:23 PM
From: Jibacoa  Respond to of 1404
 
The option expiration day is usually not a good one to be long.<g>

Looking at some of the stocks on today's watch list:

AKLM: The intra-day H of 3.89 at 2.35PM was barely above the early morning (10.55AM) H of 3.87 and the stock has been selling off since then. It seems it will close near today's Ls.

BSML: It failed on its early attempt to go over yesterday's H. At 9.40AM had an intra-day H of 5.39 which was above yesterday's close, but below yesterday's H.<g>From there it drifted down, but today's L has been above yesterday's L. An attempt for a rally at the close seems it is also going to fail.

Will review others after the close.<g>

Bernard



To: Jibacoa who wrote (306)2/15/2002 4:34:26 PM
From: Jibacoa  Respond to of 1404
 
DLTK: In spite of not been able to go over yesterday's close, it was able to stay on the + side most of the day with no intention of closing yesterday's pretty good up-gap.<g>

NBSC: It started to the upside, but after several trades at the 7.09 to 7.10 level (from 9.30 to 9.45AM), it drifted down but did not close yesterday's up-gap. It closed at 6.90 down 1.29% for the day.

OME: It managed to trade above yesterday's close at 9.39AM.<g> but from there it also drifted down on low volume, closing at 3.80 (down 3.55% for the day) Yesterday's intra-day H of 4 was a 54wks H and still looks good on the weekly and monthly charts.

ORB: Had some profit taking.<g> It came down to its support level. (Feb.11&12 Hs at the 5.35 level) It closed at 5.41 down 5.42% for the day.The price still remains above the nearest average line.

SYNC: Today's intra-day H (at 10.44 & 10.45AM) made a temporary double top with yesterday's H at the 4.25 level.Today's L at 11.48AM also made a double-bottom with yesterday's L at the 3.70 level.<g> It closed at 4.00 down 2.44% for the day on low volume (Only 2,500 shares traded.)

Bernard