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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?


To: LzzrdKing who wrote (2905)11/21/1997 2:34:00 AM
From: Mrrk  Respond to of 7396
 
Mark:Is INFU a good short,this up trend can't last much longer.

In your opinion is this a stock ready to fall?
Would I be safe to short this stock today?

The Chart
quote.yahoo.com

Statistics at a Glance biz.yahoo.com

To me it looks like this Candlestick
The Deliberation Bearish
scifi.co.uk
or the Three White Soldiers Bullish
scifi.co.uk

Thank you for your help.
Mrrk



To: LzzrdKing who wrote (2905)11/21/1997 8:45:00 AM
From: TATRADER  Respond to of 7396
 
Lzzrd, have to run, but here is a quicky on SCTC....50 is breakout point...I would watch how it attacks 50, if she starts to lose momentum, I would short it...If not stand aside....ADX is weak at 17, so I have a feeling she has a good chance to be repelled near 50....However, if irrational exuberance wins the day again today, aloha for shorting....I have cover point on SCTC at 42.50....Nice return if she turns...RSI sits at 64, still not overheated....Pring KST is losing some steam, so I again question ability of stock to overcome 50.00...Thanks for the pick....I'll get to CHKPF before market open....

As to your comments about bull market, I don't disagree, however
I feel the crisis in Japan is more serious than we are led to believe...If the Nikkei heads toward 14,000, I don't care how strong the US economy is, we are going to go down....Plus I am not convinced
that the handslapping in the Persian gulf is over....I am trying to
improve myself in shorting, and if we are in a Bull market it presents a greater challenge, and I like that....When the Bear finally arrives,
I will be an expert at it....

Regards, Mark



To: LzzrdKing who wrote (2905)11/21/1997 9:58:00 AM
From: James R.Gross  Read Replies (1) | Respond to of 7396
 
Lizzard, ISLI that I mentioned the other day beat est. and had
a gap of 2 yesterday. It might be one for watch list if it gets over
18.5.
A little while back you gave a tip how you set up your portfolio in
groups. I would like to add to that. I put the stocks in IBD Industry
Group Focus from different groups each day. I just weed out the ones
I want. I have come up with some very interesting plays that were on
the cheap side before they took off.(SPIR 5.625,MTIC 7.125,and REAL
15.5)Keep an eye there its always producing new ones. I also like to
state another about IBD they seem to point you in the direction of
certain stocks, like here you go how much else can we tell you, BUY.
I just love the paper every morning. I've made and lost on the market
but one thing you find out you really do need to know your T.A. to
make the most of your investments. I have found myself on the book-
shelf going thru those old statistics books for a little refresher.
So much talk have to go check a few. Best of Luck!

b



To: LzzrdKing who wrote (2905)11/21/1997 10:20:00 AM
From: TATRADER  Read Replies (1) | Respond to of 7396
 
Lzzrd, I did not do as indepth analysis on CHKPF as SCTC...Volume on CHKPF has slowed down on this price rise....20 day was at 76,755, opposed to 5 day at 61,110....Low volume rallies are always questionable...If she does not burst through 50 on volume over 100,000, a short potential is indeed evident.....Would short in the 50 neighborhood, look to cover at 46.00...Set Buy stop at 52......Regards, Mark

P.S. Looking to short JRJR,SGI, and possibly RAYS....MRK is starting to look tempting as well.... But I will watch the broader market and the individual stocks before I do anything....
P.S.S. SHORTED SCOP again at 13 3/8...Maybe I can get this one right
this time....
P.S.S. Am going to stay away from JRJR today...Looks like NOTH20 just bought 70,000 shares...That guy!!!