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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?


To: Wayners who wrote (10908)4/26/1998 5:54:00 PM
From: Brian Lempel  Read Replies (2) | Respond to of 13456
 
Could someone give their technical opinion on CLST, please? I have been watching this since it competes w/ CELL. It had a 100% run and has been consolidating for the past few weeks. But the stochastics hit oversold on Friday. Last time they gave abuy signal was right before the huge jump.

I think that on the last runup we had a lot of momentum investing and short covering. The stock also appears way undervalued...but there are reasons to support this to some extent. Anyway, there isn't much of a reason why this couldn't happen again for another 20 pt run.

Any technical indications that it could be ready to pop? Should I wait for the fast stochastics to cross over, or just jump in now?

I think I'll hold off with my weekly pick. CLST looks promising for this week. And I gotta think that CREAF will finally move after earnings on Tuesday. With the luck I've been having, maybe I should short it in the contest this week! A little reverse psychology!

:o)

Brian