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Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Chartgod who wrote (762)	4/19/1998 7:43:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

Weekend Update: BXH - decided to hold after their earnings warning. The "bad news" was a couple of slow months, not a change in their fundamentals. Strong support at 10. Looking to get back to 13 short term and high teens later this year if they perform. CMND - still dormant, but when it starts to run, expect the SYNT crowd to dive in and add momentum. Earnings soon could help. DIVE - has pulled back from the 16 level. TA shows a possible MACD sell signal. If it closes under 15 I will probably step aside for now. But I would like to hold this one to have an oil service stock. FFC - long term hold unless it pulls back much under 135. HDIE - short term play through earnings on Wednesday. Target $5 or better. Will sell if there is a significant pullback before then, to lock in profits. NRAG - a real daytrader's dream on Friday. Let's see if the new momentum takes this one up again on Monday. I'm only holding because the proceeds from selling at these prices aren't worth the trouble. Average entry price of .52. OMKT - doing its usual two steps forward, one step back. Long term hold unless earnings April 23 are way below expectations. That's unlikely given all the new deals they have booked recently. Ultimate target over $50 if they keep growing and selling their E-commerce software. TMBS - not the moonshot I had hoped for after earnings. Haven't decided how long I will hold it given the market's limp response to blowout earnings. Still a very solid company for the patient long-term investor. WMB - long term hold barring a major breakdown. For Monday, short term plays in LCAV, IFLYW and ORG look promising. LCAV is riding the momentum from VISX earnings. IFLYW is showing signs of life again with a fast stochastic buy signal and renewed volume (though the premium to the common is $1 now, quite high). ORG looks like a deliberate short squeeze. Their latest convertible financing yields the best profit with the share price in the mid-40's. I am betting someone is pushing to get it there, at the expense of the 9 million shares short. Good luck everyone.