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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?


To: soccrt (spammer) who wrote (103642)1/8/2004 1:45:18 PM
From: Mike C2  Read Replies (1) | Respond to of 208838
 
soccrt

Message 19666072

without wanting to pick nits (a disgusting term), i'd take issue with "failed resistance, but on light volume".
to my view, failing resistance is evidenced by churn on relatively good volume, followed by a sell off on volume.

i am no guru, but spent a fair bit of time looking at VWPT after your comment yesterday (check the link), and heartily recommend the article that dvdw had on his SI site re. free float whose link i posted this noon.

Follow the smart money is a winning tactic...just be sure to be nimble when the smart money is exiting :) if you are long.

As long as I am being long...winded here is my take on this market:
near the end of buying frenzy
much better to now buy stocks who are inefficiently beaten up.
in that vein MOBE is a likely slam dunk tho not for day trading. go to mobilityelectronics.com and watch the slide show from this week's Needham conference. WAY oversold here

look for stocks that HAVEN'T bounced from year end selling:
VWPT
DYNT
DPAC, which btw, looks like it wants to move real soon
PLC which i commented on a week ago re. CGCP which has had a speculative pop..deserved or undeserved to be determined anytime now

look for stocks with regular oscillations like:
SSPI, just becoming acquainted based on recent posts..have no sound opinion yet but it's volatility makes it an attractive trading vehicle, and
OPLK which was a great trader in the low 2s and now is establishing the potential for a CwH breakout

Very well done on the SBYN

Mike

FD on the above tickers:
long DYNT VWPT MOBE DPAC(not in trading acc't)...now long at 1.83 in trading
trying to be long PLC
watching OPLK SSPI SNIC DPAC (for a trade)