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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Hank who wrote (12435)8/5/1998 4:19:00 PM
From: Brian Gross  Read Replies (1) | Respond to of 18691
 
Anybody have a read on IBIS?? It has gone from $8 to $13.75 in the last 5 days!

Thanks in advance!

Brian



To: Hank who wrote (12435)8/5/1998 4:41:00 PM
From: craig crawford  Read Replies (1) | Respond to of 18691
 
>> You're right Bob. In the spirit of that, I have cut back on CPQ during this last minute rally. It was a bogus rally IMO. <<

Well I have to admit Hank, today was a most outstanding day. A real dogfight where shorts made out well but bulls got their reversal and close positive. Instead of selling at the close I had to put more money to work. (bought DELL/COMS calls) We should get some follow through tomorrow. I'm back down to virtually no cash.

I think it's too early to call this rally weak, the Nasdaq turned around almost 40 points in less than an hour. The Dow turned around about 200 points. The Nasdaq held at the 200 DMA as did the Dow. The Dow held important trend lines and we had good heavy volume.

I'm psyched!