To: Gary K. Best who wrote (7070 ) 2/4/1998 7:59:00 AM From: SE Read Replies (2) | Respond to of 10368
My latest thoughts: I have nothing new on the fundamental front to report. So here is a TA up-date for those who care. Data gotten from the Big Charts site. The MACD has turned with the faster average crossing the lower average and the convergence indicator about to pass the zero line. This is big time positive. The Slow Stochastic is still trending up, however, the Fast Stochastic appears to have peaked, or will do so today. My Q&D read is as follows: Today will be up slightly or close flat. The next four to six trading days will be flat to lower. Will re-test the $4 area at which time I will be back! :) We may re-test 3 3/4, but I doubt it. Then we are finally on our way back up. For those of you who have held, hang in there. This baby is about to return. For those of you who are out, a perfect buy time will be sometime between Friday of this week and Wednesday of next week. Once this baby gets cooking again, we will have some trouble through the $5.5 to $6.5 range as we meet a bunch of resistance throughout that range. To take out those levels we will probably need a good fourth quarter (defined as $.11 or better), some acquisition news and the recovery of our management team from its latest blunders. I don't see those three things occurring until mid to late March at the earliest. Just my humble opinion for what it is worth. -Scott PS - a couple of other ideas. NVLS on a re-test of $36 or so - for a run to $40 then $45-$48. NVLS is testing resistance at $40 to $40.5 here. If it breaks this resistance on good volume, it will run to $45-$48 from this level. If you want the $3 to $6 bucks buy at a break on good volume above $41. ASND anytime now for a run at $40. AMAT if it pulls back to the $34 range for a run at $40, then $50. Finally, for any bottom feeders out there a long term buy would be RAIN for a run to the high teens by year-end. A good buy on RAIN is below $11, although all long term buys are safe at this level.