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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Cube who wrote (19304)7/12/1998 3:41:00 PM
From: Doug R  Read Replies (1) | Respond to of 79274
 
Cube,
EDIT

EGGS isn't going to get back to that high all in one move. The short here would be a 6 or so point scalp of the volatility that comes with being a new MIMBO coupled with the nature of a short squeeze to develop a nasty demand vacuum at the top of the squeeze. Give it about 15 or 30 minutes tomorrow to see if it has topped out. A stop would be set at the high for the day. I expect a gap up then CRRRRAAASSSHHHH!!...a quick drop of at least 6 points.

BTW, CNBC floated the idea that a squeeze may be under way on MU. If true, it would last for several weeks.

Doug R



To: Cube who wrote (19304)7/12/1998 4:18:00 PM
From: Doug R  Read Replies (1) | Respond to of 79274
 
Aerospace/defense
Large Block Trades
(Trades exceeding 10,000 shares, generally indicative of institutional activity)

Ticker Issuer Name BlocksTraded LastSale Chng

BEAV BE AEROSPACE 3 30 +1

RADIF RADA ELECTRONIC 3 1 11/16 -1/32

ANEN ANAREN MICROWAVE 2 13 7/8 +1/4

CADE CADE INDUSTRIES 2 3 15/32 +1/16

AASI ADVANCED AERO 1 5 15/32 -3/32

Others mentioned are KELL, LDSH, SMCX, FLIR, KAMNA and SDII.
It may be a sector move in the making.

special thanks to J. Cotton,
Doug R