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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: hmaly who wrote (143178)	3/12/2002 1:18:47 AM
From: tejek	Read Replies (1) \| Respond to of 1577883

Tejek.. OT To get away from politics, are you still into oil and gas? My FST is getting real close to its target $28.5. I am thinking of letting it ride for awhile. I was thinking of switching to Taro. Can't figure out the reasons for the drop. It is at its Sept lows; but it had a good quartery report. Have you heard anything. Harry, yeah, I am still in oil.....done real well with the utilities.....took a 40% profit today on RRI. Sitting on a 100% profit for AES. Made nice money on HC. Looked at the chart for FST...its up against resistance at $28 1/4. Three times before its hit resistance only to be repelled back down. Given the increasing price for oil futures, and the rally in the oil indices, normally I would say FST should break thru resistance this fourth time and move on up. However, it had an EPS loss this last quarter.......I don't know why but that could hold it back. I would put in a tight stop and try to ride it higher. As for TARO its in the drugs/biotechs sector..........the market rotated out of them in late December. I don't know when there will be a rotation back in. Since Dec., Taro has been in a strong downtrend. Right now, it would have to break that downtrend on strong volume before I would go in. At these levels, a move to $31 would do the trick. Looking at a three year chart, TARO is forming a cup and handle. Its now in the handle portion......can't guess when it will finish the move. Bottom line......I would stay out of TARO for now.....what's hot is the oils and the next rotation may be tech. That's where I would put any profits from FST. FWIW. Hope this helps. ted