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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (13965)	4/12/1998 11:29:00 AM
From: DanZ	Read Replies (1) \| Respond to of 53068

HWP, TXN, USW, RDC, CD, PEP, FRO, PAUH. Thanks for the list, Larry. Here's some quick comments. HWP: Looks great for a move to 63 1/2 to 64. TXN: Looks good as long as it holds 51 for a move to 57. I like HWP better (and of course VLSI LOL) USW: I don't have a good feeling about this stock. While it is trading near the lower daily bollinger band, the money flow has been poor recently and it left a break-away gap a few days ago after it came back inside the upper bollinger band. In addition, the weekly chart is very extended and I think there is a lot of downside risk in the stock. I'd keep a stop at 53. RDC: This stock is trading in the middle of the daily bollinger bands and doesn't interest me right now. However, I think the chances are good that it will trade to 31 or 32 if it gets through 29 1/4. CD: This stock broke down below the daily bollinger band on Thursday and there isn't enough data on the weekly chart for me to get a feel for it. I wouldn't buy it. PEP: This stock has an unfilled gap between 40 5/8 and 41 3/4 and I wouldn't buy it unless it came down to fill it and bounced. FRO: This stock tested the lower daily bollinger band last Thursday and bounced. It looks good as long as it holds 30. Resistance is between 33 and 33 3/4. PAUH: This stock wasn't on your list but it's on mine. gg I think it has completed it's retracement and is heading for a retest of 12 1/2. The stock closed above the middle bollinger band on both the daily and weekly charts last week and has very little resistance if it gets through 12 1/2. Out of your list, I like HWP best and FRO second best. AAC (a Z holding) is trading near resistance and I might sell it next week. KLIC (another Z holding) doesn't look all that great and I might sell it as well. We can move that money into HWP or FRO if you want to sponsor one or both. Dan