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

To: Ron McKinnon who wrote (1356)	1/17/1998 7:20:00 PM
From: DanZ	Read Replies (1) \| Respond to of 11568

TA update on the Z's positions. Time permitting, I will update the technical condition of the Z holdings that I sponsor once a week. While I look at the charts of all our stocks every night, I don't have time to write them up everyday. AAC: The stock made a new weekly and monthly low at 6 and the lower daily bollinger band turned down yesterday. There is support at the lower monthly bollinger band near 5 and I think there is a good chance that the stock won't hold 6. We have two options: 1.) Hold it and buy more if it declines to 5; or 2) sell it, take our loss, and look to buy it back if it declines to 5. ADAC: The stock has resistance at the upper daily bollinger band at 20 3/4 and this contained the rally Thursday and Friday of last week. Support is at 19. Money flow, momentum, and relative strength are bullish. The monthly and weekly charts also show a very bullish pattern. I would continue to hold ADAC because I think it has a very good chance of breaking resistance on the daily chart and moving up to resistance on the weekly chart near 23. I have a personal position in ADAC: 3000 shares at 20 3/8. DIGI: The stock found support at the lower daily bollinger band on Thursday near 21 and had an inside day on Friday. Resistance is between 23 and 23 1/2 and I would continue to hold the stock with that target. ESOL: The stock has support at about 5 and resistance at about 6. The upper and middle daily bollinger bands turned up last week, a bullish pattern. I would hold it with a target of between 7 1/2 and 8, which is resistance on the weekly chart. INTV: The stock has resistance at the upper daily bollinger band near 9 and I may sell the Z's position on Monday. While the chart looks good overall, the stock is extended and near resistance. Support is near 8 and I would buy it back if it declines there. I sold my personal position in INTV (4600 shares) last week and do not hold any at this time. IRF: The stock has been building a base near 10 1/2 and moved through short term resistance at 11 1/8 last week. The next resistance area is near 12 1/4 which I would use as a target. I bought 2500 shares of IRF at 11 1/2 on Friday. LNET: The stock closed above the upper daily bollinger band on Friday although I am a little suspect of the move because of the low volume. However, the stock moved up sharply on Tuesday with good volume. The stock has been building a base in the 10 to 11 area for several weeks and closed above the middle weekly bollinger band last week. I'm now expecting the stock to test the upper end of it's long term trading range between 14 and 15. I have a personal position in LNET: 4000 shares at 11 9/16. ORCL: The stock found support at the lower daily bollinger band last week near 18. While it met resistance at 20, it is more likely that the stock will break this and move up to test the break down point at 21 and then the middle daily bollinger band near 23. I have a personal position in ORCL: 800 shares at 19 1/4. PAUH: This stock has been building a base between 9 and 10 since late December and I think it is only a matter of time before it moves up. If you aren't already in the stock, you might want to wait to see if it breaks resistance before buying it. If it gets through 10 1/2, I think it will move up to 13 or 14. From a valuation viewpoint, which I rarely comment on, PAUH is trading at a very reasonable 8 x earnings. I have a personal position in PAUH: 4000 shares at 10. PETM: The stock has support at 6 1/4 and resistance at 7 5/8. Both the lower and upper daily bollinger bands are flat indicating that a further consolidation is likely. My recommendation is to sell it at 7 3/8 or 7 1/2 and look to buy it back in the low to mid 6 area. This looks like a good stock to trade between 6 1/2 and 7 1/2 but not a good one to hold looking for a big move.