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To: Andrew Vance who wrote (14911)7/18/1998 10:19:00 AM
From: Grashopper  Read Replies (1) | Respond to of 17305
 
DONT FEEL BAD I AM A BIG BOY WHO MADEADE A WRONG CALL. i HAVNT FIGURED OUT HOW TO e mail. (or to type)not mechanicly inclined like you engineers. Anyway entry was 22 1/4 for utek & 27 7/8 for ter. Also long before I JOINED THE SI(5/22/98) I MADE MONEY ON YOUR WISDOM i.e. amat at $26 as a lurker.



To: Andrew Vance who wrote (14911)7/18/1998 10:42:00 AM
From: Judy  Read Replies (5) | Respond to of 17305
 
Andrew and Larry,

Just saw your exchanges on UTEK. May I suggest the use of technicals to sharpen entry/exit points for very short-term trades ...

As for UTEK, the 5/13/20/50-day emas have all converged at 20ish and the 200-day ema is at about 22 1/2. What this means in lay terms is that momentum emas (5 and 13) and support emas (20 and 50) are the same hence there is no momentum, just support .. so proper entry is at 20ish. Do NOT touch if that is violated. The 200-day ema at 22 1/2 is a biggie for beaten stocks in sectors out of favor, although in a market where liquidity is abound and value buyers are lurking, stocks such as UTEK tend to seek that level but will find real resistance. Hence, the max short-term profit point should be 22ish ... an exit point, not a buy point.

Caveat ... sector or stock-specific news could perturb the stock's behavior short-term.

Andrew, I'll revisit your AMAT antics for the week in my next post.



To: Andrew Vance who wrote (14911)7/18/1998 11:12:00 PM
From: Investor2  Respond to of 17305
 
Don't feel too bad about mentioning UTEK, Andrew, it outperformed AMAT last week. (And we know how much money you made on AMAT!<g>.) UTEK was up 6% for the week and AMAT was up 4%.

Sometimes the timing is more important than the stock, I guess.

Best wishes,

I2