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Strategies & Market Trends : Z PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (1298)	1/1/1998 7:33:00 PM
From: DanZ	Read Replies (1) \| Respond to of 11568

Recommendations for the Zportfolio. AAC: I still like it. Looks to have based, momentum indicators on up cycle, good money flow, bullish bollingers. HOLD ADAC: Same opinion and similar chart pattern as AAC. HOLD AXIM: The resistance has moved down to 5 3/8 and it looks like it will go nowhere fast. SELL BTJ: Looks to have bottomed and is on an upcycle. HOLD CAV: I don't like the chart on CAV. Support is falling and the momentum indicators are pointing down. It also has poor money flow. SELL CKH: This stock looks good but it closed right on daily resistance at 60 1/2. I would HOLD it for now and sell it if it begins to break down. If it breaks out on the daily chart, then I would look to sell it between 66 and 68. ESOL: Mixed bag. On the positive side, the money flow has been excellent and the stock is above the lower daily bollinger band. On the negative side, resistance has moved down to 5 1/8, the lower daily bollinger band has turned down, and the stock is overbought after rallying from 3 7/8. I would HOLD it for now and SELL it if it closes below 3 7/8. INTV: The stock is oversold and has support at 7 3/8. Good money flow, an upward sloping lower daily bollinger band, and bullish RSI and stochastics lead me to believe that the stock has bottomed short term. HOLD JLG: Bullish chart but the stock is overbought and the momentum indicators are on a down cycle. It's trading close to resistance at 14 5/8. SELL KLIC: The stock is oversold and looks like it is basing in the low 17 area. I would HOLD it for now and SELL it on a rally back to 23. LNET: This stock has been in a wide trading range between 10 and 14 for several months and recently tested 10 again. The momentum is currently up and it has excellent money flow. The bollinger bands are bullish. I would HOLD it for now and sell it near 14. LSI: Support is at 19 1/2 and 18 and resistance is at 21 1/2 and 24 1/2. Money flow is bullish, momentum is neutral. HOLD. LSS: Support is between 24 and 25 1/2 and the bollinger bands looks bullish. HOLD. MPARY: Support at 5 1/4 and resistance at 6 1/4. The bollinger bands are narrowing indicating a consolidation. The chart pattern is bullish and I would expect the stock to emerge from this consolidation on the upside. HOLD. NTN: While this stock has support between 3/4 and 1, it has no momementum and is unlikely to go anywhere anytime soon. Resistance is at 1 1/4 and then 1 5/8. I would HOLD it only because I don't see much downside risk and would SELL it on a rally to 1 3/8 or 1 1/2. OLS: This stock has support at 14 1/2 and resistance at 15 3/8. It has been consolidating after a steep decline in October. Given that the stock is trading near resistance, I would SELL it. PCTL: The stock has been basing in the high 5 area for the past two weeks and the lower daily bollinger band turned up three trading days ago. The money flow has been positive 11 trading days in a row and 13 out of the past 14 days. This indicates very good accumulation and I would expect the stock to advance towards resistance at 7 1/2 in the short term. HOLD. PETM: This stock has stiff resistance at 7 3/4 and support at 6 1/4. Given the risk to reward, I am tempted to SELL it and look to buy it back if it declines to the low 6 area. However, the money flow has been positive the past three days so I'm going to watch it for another day or two to see if it gets through resistance. I am positive on the retail sector in general. However, if PETM fails to clear 7 3/4 soon, then I will recommend that we sell it. RII: The stock has been basing in the mid 19 area and the lower daily bollinger band turned up 2 days ago. Resistance is near 24 1/2 and then 26 1/2. I like the chart pattern and would HOLD it for now and possibly sell it if it approaches resistance. SCOP: This stock spent almost two weeks basing at 9 1/2 and recently formed a cup and handle by coming down to 10 and rallying back to 12. I like the stock a lot and expect it to test resistance between 13 and 14. HOLD. VTEL: I don't really like the chart on this stock but it's probable that it put in a low at 5 5/8. I would HOLD it with a stop at 5 1/2. WHC: This stock based at 22 and rallied strongly through the middle bollinger band. I would HOLD it for now with a stop at 25 3/4. Target is 29 to 30. The sponsor for each of these stocks should make the final decision as to what we do with each position. If however, the sponsors don't comment in the next day or two and nobody counters my recommendation, then I think we should do what I recommended. Dan PS: Portfolio update. Is it working? quote.yahoo.com