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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (6898)	11/1/1997 9:47:00 PM
From: Sidney Reilly	Respond to of 79281

Doug, I appreciate your efforts here also. This is the best cooperative effort I've seen on SI. After I learn more and know what I am looking for I hope I will add to the list of winners by finding a good one (before it has doubled <gg>). cya, Bob

To: Doug R who wrote (6898)	11/1/1997 10:45:00 PM
From: Tim Oliver	Respond to of 79281

Doug, Thanks for your TA on LABZ. I drew a line through the points you suggested and also some parallel lines equidistant from the center line that went through other key points on the chart. An incompleted symmetrical pattern seems to show up with a move up to about 6 before it hits the upper line and follows it up even higher in the next two weeks. Based on a Candlestick chart that I have in front of me (that I don't really know how to read), I see a similar topping pattern to the one it had near the last resistance, which seems to support the shoulder idea. I'm pretty confident that the bottom should be around 4 5/8 and it looks like the next few days will be when it happens (so I concur with your 4 1/2 to 4 3/4 accumulation idea). Not that it's a big deal (o.k. I keep thinking about it), but on the big -540 Dow day, LABZ traded normal volume and closed unchanged. That's what made me want to at least present it for your TA. On an FA basis, I like the growth and what seems to be an overlooked situation, but I'll admit that I have some concerns. They talk about gaining economies of scale (through their acquisitions), but that doesn't seem to hold up historically very well and their new analyst doesn't seem to support that either (he has revenues growing slightly higher than earnings over the next year or two....about 100% total growth over the next three years). They don't seem to be growing much internally, only through acquistion, which concerns me. I'll try to give you some better stock ideas in the future and I'm definitely going to do a closer FA of MTON to see if I can get a glimpse of what you see. Of all your portfolio stocks for the very short term, I like MLOG on my Candlestick/Bollinger band/stochastic chart followed by BOSCF. Am I fairly close? Keep up the great job, Tim O

To: Doug R who wrote (6898)	11/3/1997 9:52:00 PM
From: Tim Oliver	Read Replies (2) \| Respond to of 79281

Doug, I just found a great stock that I'll post tommorrow after I buy it. It had a nice breakout today, is a $3-4 stock, and the fundamentals are excellent. The reason that I can't post it before I buy it is that the intraday chart today looks like the stock will explode if someone breathes at it. I'm afraid that my trade alone will set it off. (It was up about 14% today on good volume). Other features: low float, nice gain in volume in recent week since earnings, signed some significant long term contracts in September even after coming out of an exceptional quarter of .09. If you don't want me to post it here on your thread, let me know <g>. Tim O