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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?


To: Bosco who wrote (2110)10/28/1997 6:26:00 PM
From: Thomas Frank  Read Replies (2) | Respond to of 37387
 
Bosco,
Sorry but I'm not convinced yet.
Reasons:
The NASDAQ volume as we know over 1 billion
yet for every 25 up--- 21 down-- 29 new highs
and a whopping 401 new lows.
As I have said in the past I'm no t/a guy
but I think we should of had a bigger spread
up to downs and highs to lows.
Hey Crossy do me a favor and look at DUSA chart for
me, this momentium play kicked me it the ass.
Regards from WINDY New Jersey
Tom



To: Bosco who wrote (2110)10/28/1997 6:52:00 PM
From: Crossy  Read Replies (1) | Respond to of 37387
 
Bosco,
I sold USSB & UTEK today (because of their high multiples). I also got out of PCTH before the mess happened at a decent level. I bought value + growth stocks: WDC, RDRT. Think this is the strategy: pick lowest PEG plays....

regards
CROSSY

BTW: huge volume on retracement is a healthy sign. I hope as this month passes by the TV netoworks won't have ANY anniversary of any "Black" Monday/Friday/x-day left to do a special on <G>. What I liked so much today was that the US market leads again, this time world equity markets out of the slump. It's about time this happened..