To: dealmakr who wrote (5190 ) 2/5/1998 8:26:00 PM From: LastShadow Read Replies (1) | Respond to of 120523
Watch List 2/6: SYMBOL CLOSE CHANGE CHANGE % PXD 22.000 0.687 3.23% ZITL 11.000 0.312 2.92% I exited AMAT just before close. Reconsidering IIT strike of 22 (possibly lower) Long/Bullish: ASND 33.000 1.750 5.60% CPQ 35.187 0.437 1.26% DIMD 12.437 0.500 4.19% FGII 33.875 2.875 9.27% IIT 17.250 0.250 1.47% IOM 10.312 0.187 1.85% KMET 20.250 0.250 1.25% NSCP 21.937 2.687 13.96% PAIR 21.187 1.437 7.28% PFP 12.000 0.062 0.52% VTSS 48.125 1.062 2.26% I also went long for 16k shares on CAVR (it closed at 7/16), although I need to post that I am not recommending it - speculative play on my part. Of the bullish list, IIT and CPQ are both up about 20% since first post 9-10 days ago. Of the consecutive repeaters for the last 4-5 days (VTSS, IOM, KMET, PFP, NSCP), they average 10% up, with a 5-30% range. I mention this because these stocks run across several sectors and indicates a lessening of their day-to-day volatility. This tends to lend support for a March tanking, as the volume appears to be behind a set of market leaders or high potential (given present price) stocks. Buffet's silver hording is a precursor to a commodity ramp - which generally shadows a market climb and coincides with general stock peaking/reversal. Additionally, those gapping at open are doing so ~3 days into their climb, & on contrarian days (indexes generally down). Large buy counts indicate Fund accumulation and therefore good for CANSLIMers and momentum and mid-long term holders. Interestingly, the tickers above $40 are noticeably absent from the screens an small caps are moving well. All in all I would say to stick with momentum plays for tomorrow and possibly next week or two. Check to be sure earnings and earnings forecasts are not due, as bad news is being punished soundly, especially for higher priced stocks. Dead Catters are finding slim pickings as they are not being rebought at expected levels for sometimes weeks. lastshadow