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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: jz who wrote (15924)5/10/1998 3:09:00 PM
From: Clint E.  Read Replies (1) | Respond to of 68173
 
Hi John, your question on LU is a tough one. I've been in it a few times in the last 2-1/2 weeks and I know it has a problem getting thru 74-1/4 now. It is no wonder they closed it right around there. With the positive bias in tech stocks, I would like to think that it would be safe to buy LU here. Perhaps a safer approach will be to buy it when it crosses 75-1/4 on some good vol(2M) on intraday basis on Monday.

TLAB maybe an easier play here: smaller float & a NAZ stock so it should move faster.

Clint