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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Judy who wrote (2923)5/11/1998 8:17:00 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 34811
 
Hi Judy, I suspect that the "insane thingies" that she referred to are speculative acquisition plays for voice/data integration in the networking sector. Lots of speculation, however a topic with which I am not completely ignorant (as it appears you are not as well, from posts in other threads).

I have also been buying puts on YHOO on strength and getting some nice play out of them, but I doubt that Jan was referring to that. Do you have a downside target for YHOO? I see some support at 110, but then a nice precipice down to 92.
Tom



To: Judy who wrote (2923)5/11/1998 8:20:00 PM
From: Chris  Respond to of 34811
 
dell does seem to be weakening.. as noted in this chart:

exchange2000.com



To: Judy who wrote (2923)5/11/1998 11:29:00 PM
From: Ms. X  Respond to of 34811
 
Hey Judy,
Tom had some hairbrain idea (that's for you Tom :-))about some networking stocks getting togehter. I think he made it up just to get back at me for something but I'm not sure what yet. I consider it my tuition for the year. Last year I bought EGHT (not on Tom's recommendation by the way) and that was my tuition cost for '97. We all pay those on occasion.(Actually, some of the Tom Dietz things work out well. He finds some good wing on a prayer kind of stuff and he knows a lot about the networking biz...).

Dell if it reverses (looks like it will tomorrow), will be on a high pole. A popular tactic to use is to sell a stock on the reversal from a high pole. For Dell that would be now. Daily mom -, but weekly and monthly still positive.

SPY: momentums turned negative and it has run up pretty good. 106 would be a three box reversal. Still looks good.

Thanks for the info on the internets. I'll look at my positions tonight.

CMGI pooped out on you. Next support at 81. Weekly mom just turned negative.

Take care,

Jan I am