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To: Dale Baker who wrote (30929)8/29/2002 12:14:18 PM
From: Dale BakerRespond to of 118717
 
Cashed out MERQ for $1.10, UTSI popping now over 13.



To: Dale Baker who wrote (30929)8/29/2002 12:58:18 PM
From: Ray RuebRead Replies (1) | Respond to of 118717
 
Thoughts on KSWS and UTSI

UTSI seems a better play than KSWS for a long.

UTSI at 13.07 is at least in a "pan bottom" on the MACD hinting at sideways to upward movement with downside risk. Not my favorite way to go long. It should hit 14 by tomorrow if the MM holds true to form. HOLD 1 day.

KSWS at 18.33 is off highs, but is clearly in a downward trend. You're trying to catch a falling knife in my judgement. This is a clearer SHORT than long for me, though not my favorite place to short from. If you insist on trading this, I'd reverse my position: SELL and go SHORT for at least 2 points in 1 week. Then when the MACD chart reverses (bottoming waveform) I'd COVER and go LONG if you like this stock.

You all be careful out there
Ray