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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: virgil vancleave who wrote (1977)1/30/1998 2:52:00 PM
From: TATRADER  Read Replies (1) | Respond to of 18691
 
virgil, I am with you on DELL...I am tempted to short it right now...
The Ultimate oscillator is in a bearish divergence with price...We have a crossover of %D with %K on simple stochastic, and we are starting to turn down on the stochastic....Regards, Mark

P.S. Keep those good picks coming, did not look at MSFT...



To: virgil vancleave who wrote (1977)1/30/1998 3:35:00 PM
From: Marc D.  Respond to of 18691
 
Same here, Virgil. Played puts a couple of times last October as DELL kept bouncing off of 100. I'm waiting for the same thing you are...if the market convinces me that 100 is still strong resistance, then I'll buy puts again.

DELL has attempted two runs through 100 this week, and both times it has sold off:
tscn.com

Marc



To: virgil vancleave who wrote (1977)2/2/1998 11:28:00 AM
From: Marc D.  Read Replies (1) | Respond to of 18691
 
Virgil, <<btw: resistance for msft is strong at 149/150 and right at 100 for dell.>>

Well, so much for resistance. DELL, MSFT, CSCO hitting all time highs. It'll be interesting to see if they hold up. I think earnings for CSCO after the close tomorrow could set the NASDAQ tone for the rest of the week.

Marc