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To: James Strauss who wrote (104)3/25/1998 7:28:00 PM
From: IsaacF1  Read Replies (1) | Respond to of 13094
 
Good evening James:

I am very grateful for your response, thanks.

On IT trader I have a lists of stocks within sectors. Bellweathers mixed with redchips make up actions within each group. I have tech, trans, ind, and a retail/finance folder. CCUR closed 5th in % gain behind MSFT, ASND, CPQ, and DELL on strong vol. Those were some big gainers today, 6.1% at it's intraday high and 3.3% at CCUR's close. In fact it's price was on top all day long before late selling off.

UVEW, James, is like a paper trade with some cayanne. I made a small investment today to keep me more interested in learning about an IPO from its charts. So for UVEW there is alot of volume on a 14% loss for the day, quite a bearish sign. I hope that it is only searching out it's support levels. As it seeks support I think it's downticks in intraday charts are going to be very important for Thurs.

I agree that your lists are not buy signals, they a group of stocks that match a group of technical criteria, ie.. "hey what about this one, everyone". We all must do work on our own to gain a sense for our own intuition. We all have our comfort zones and I rarely invest more than 10% of my money on any one redchip, if I feel good about price strength then I generally buy up with time, RECY is an example for me. If I don't gain confidence then I call it a short term trade and be done with it. It's vital that a stock have all of it's components together to have a significant breakout. I think that means news, vol, and positive charts together. That minimizes risk as does people communicating.

Thanks again:

IsaacF1