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

To: Ken W who wrote (28477)	4/20/2002 2:52:55 PM
From: JoeinIowa	Read Replies (1) \| Respond to of 29382

Ken, When you get a break out such as MAXF just had over its all time high where do you look for the next resistance points? Is there some rule of thumb that says every solid number(7,8,9 etc..) will cause some resistance? Or would 10 be the next logical resistance point? Thanks for any input. Joe

To: Ken W who wrote (28477)	4/20/2002 2:55:23 PM
From: somatics1	Respond to of 29382

Mijo...GTW...my "time horizon" expired a long time ago on this one...I wanted to be out by now ..LOL...how does that commercial go, "I believe in the market and I believe in me" ROFLMAO...I will be happy with 7 and may settle for a hair less...still a profit...gotta unlock some funds. Still holding the little gold stock...want .80, but will of course take a buck... LNOP...I'll look at this one later on tonight...gotta go to the new house and install some CAT 5 line for home networking before the sheetrock goes in... LOL Good deal on the 121...life is too short to suffer out of pocket... JDSU...I lost track how many times I have hit that one round trip...support - resistance - support - resistance..Did miss the short at 6 just recently and chose not to chase it. The trend is still down, but....I'm gonna stay away until AFTER earnings to see where it is going to settle...besides, I'll be in Philadelphia next week, and of course Atlantic City and Ground Zero in NY City...maybe I'll have a chance to stop by the NYSE...and pick up some "power vibes" from the "big boys"...LOL... Off Topic...I just got my re-sellers license for California...anyone out there involved in wholesale stereo equipment, computers and Playstation 2 gaming consoles (emphasis on PS 2)...if so and want to do some biz, P.M. me and see if we can hook up...be kind, I am just starting out and cannot afford pallets of stuff.... Jorge

To: Ken W who wrote (28477)	4/20/2002 6:32:20 PM
From: Amigo Mike	Respond to of 29382

Hehehehe Ken, Yeah LNOP is on fire. I was fortunate to purchase another couple hundred at 8.46 only a week ago. Anything could happen in the next week. They are presenting on the 23rd and again in May. Initial chip samples being tested by the company. Indications are positive at the moment. Dunno exactly what will happen but I am going to say that I think they are positioned very nicely at the moment. Float is tight. Still have to be nimble with this one. It would not surprise me to see this stock in the $30s very short term if events play out as I think they will. Amigo Mike

To: Ken W who wrote (28477)	7/25/2002 7:12:59 PM
From: LAWRENCE C.	Read Replies (1) \| Respond to of 29382

Ken, I have been away from SI for awhile. Was shell shocked for awhile by the market. IMHO The growing trade deficit plus foreigners selling US assets including stocks has weakened the dollar versus the euro. Since the growing trade deficit is likely to get worse before it gets better, I believe the dollar will continue to trend lower over at least the next 12 months and possibly longer unless it plunges. This should be favorable for gold stocks. I see Corporate profits as a major concern. I expect overall weaking profit margins to continue to be a problem for most companies in any recovery, plus more accounting problems, high corporate debt. The recovery process is likely to be weak due to above. Credit tightening will trigger more bankruptcies (like Kmart) in debt ladden companies. There is a strong possibility of Deflation due to decling profit margins, worldwide overcapacity and lack of pricing power for many corporations. Too many companies are focused on market share instead of profitable sales. Any way I have been dabbling in gold stocks. The 100 day charts help identify which ones are hotter. Right now the junior gold stocks are hotter: DROOY (bought some today on the pull back), RGLD and GLG have been doing well. I also have some FCX. Banking sector is vulnerable to bad loans. Housing sector has been doing well. This is a key sector. High levels of consumer debt are a problem for sustaining consumer spending. Auto manufacturers: high incentives; dropping margins; price wars and potential price wars. On the short side I have JPM and MXIM. I made over 10% shorting F.