To: Sergio H who wrote (6218 ) 6/20/1998 11:48:00 PM From: ChrisJP Read Replies (1) | Respond to of 29382
Hi Sergio, Wow !! Either you track a LOT of stocks or you did a lot of work Sat morning !!! First, let me say that even though I bought MTON as it was approaching its high (the weeks before it announced BTE earnings), I feel SO MUCH better after looking at the charts of the stocks you listed ! Despite the runup in the big averages (meaning about 200 select stocks) a lot of people must be losing a lot of money. As it turns out, I owned CADE for a while (my brother still does) and at one time my brother and I held a bunch shares of APCO (Thank you, Cary !). Someone did a good TA of APCO on the APCO thread and said that it is now back on it's long term trend line, which I can believe , given the stock went from 6 to 15 in about 5 or 6 months ! I sold my APCO in the mid 10's - mid 11's never guessing it would go as high as it did. AIRM is one I haven't gotten around to looking at other than I know you guys like it and it's chart looks real nice. I saw that Red Chip has given it high marks. Doug R. likes AINN and it has done well too. MTON appears to have great on balance volume and hopefully has bottomed. When APCO went from 6 - 15 - 10, MTON went from 8 - 14 - 10. So if earnings are in line, I see MTON rebounding faster. I definitely appreciated your opinion on MTON and found other research that jived with what you told me. APCO is definitely on my radar screen. I saw some posts saying APCO was a buy under 10. I think it is also a buy at 11 & 12 -- when its uptrend resumes shortly. Here's one to check out: HDIEquote.yahoo.com Like AIRM it has been going up while so many others have been going down. I've seen accumulation of large blocks (3,4,5 thousand shares) at a time. Here's another site to look at:securitytrader.com Beginning around April, this site started indicating "above normal distribution". For the first time in several months it is now saying "below normal distribution". Now that triple witching is behind us, we just need to get earnings warning season behind us and I think the market uptrend will resume. Well, maybe it will resume in the retailing, telecom, drug stocks, health care, select internet stocks, select software stocks, and some transports. Watch out for semis, PC stocks, and oil services. I don't care what they do short term, I'm staying away from them for a while. Regards, Chris