To: Magnatizer who wrote (5323 ) 2/12/1998 11:02:00 PM From: LastShadow Read Replies (2) | Respond to of 120523
Watch List Friday the 13th: PNF 5.062 -0.562 (10.00%) That's it - only one added ticker. And PNF is only added because I believe it bottomed at $5 today. Long/bullish list: SYMBOL CLOSE CHANGE CHANGE % ACCL 4.156 -0.062 (1.48%) AKLM 4.750 0.062 1.33% AMAT 36.875 0.937 2.61% AMMB 32.000 1.000 3.23% ASND 34.312 0.812 2.43% BGEN 45.625 1.375 3.11% CPQ 35.625 -0.812 (2.23%) CUBE 22.250 0.375 1.71% GE 78.812 0.375 0.48% GM 63.250 -0.187 (0.30%) KMET 20.250 0.312 1.57% MTIC 12.500 0.625 5.26% NEM 28.375 0.625 2.25% NSCP 22.187 1.312 6.29% NT 47.750 0.812 1.73% ORCL 26.875 -0.062 (0.23%) PCNI 4.625 0.437 10.45% PWAV 16.125 1.875 13.16% RAYS 7.375 0.062 0.85% RMBS 50.750 0.625 1.25% WDC 19.125 0.125 0.66% See comment on IIT in next post. Either we are in the first 4-6 weeks of a hell of a new bull run, or all the funds are stocking up, or my neural net has just become the most valuable trading tool since the invention of the chart. Personally, I would go with the first two reasons. Given that we are in a bullish environment, and that the funds are accumulating (their cash resources depleting and bond holdings are dropping = they are buying stocks) and that they are getting Financials, Cyclicals, Services, Health and Tech Stocks in about even percentages we can expect a couple of things: 1. Uptrending stocks will continue although at a slower growth rate. 2. Stocks that Jump in large % gains in one day will correct slighlty, go level, and then continue up in spurts. 3. Stocks that tank will take longer to bounce and will need some really great earnings/news to bounce (then see #2) 4. Mergers are continuing t develop and that will fuel trading action, although it won't be beneficial to most (need rapid reaction time) 5. Cyclicals and Services sectors look to be the next growth arena. lastshadow