Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: jethro57 who wrote (2529)	8/13/1998 1:43:00 PM
From: James Strauss	Read Replies (2) \| Respond to of 13094

CAND... Jeff: Excellent Relative Strength in a weak market today... CAND seems to have its TA and FA in sync for a move North... Jim

To: jethro57 who wrote (2529)	8/17/1998 10:16:00 AM
From: Dennis C	Read Replies (1) \| Respond to of 13094

CAND - RANDOLPH, N.J., Aug. 17 /PRNewswire/ -- A full-scale bear market is advancing on Wall Street, according to Jordan Kimmel, market strategist for First Montauk Securities Corp. ''The Street's smoke and mirrors have vanished,'' he says. ''Now, individuals and institutions alike realize that the overvaluation issue can no longer be ignored.'' Kimmel notes that he has been warning of bears for months, using the pages of his monthly Marketwatch newsletter. ''I don't like to boast about this type of call,'' he admits. ''But recent events have triggered a landslide in the Dow, just as I had predicted. As activity in the Far East, and virtually all of the emerging markets, comes to a screeching halt, the fantastic liquidity that the U.S. has enjoyed is finally drying up.'' He notes that the average OTC stock is down about 40%, and anticipates that another blow is waiting in the wings to knock the big stocks even lower. ''No one knows for sure what will trigger the next plunge,'' cautions Kimmel. ''But consumer confidence has been one of the driving forces behind the market's climb, and weakness in that confidence could send the market reeling.'' Kimmel, however, advises investors to review their shares, and be ready to buy good value. ''Looking at the long term, this bull market will not disappear,'' he says. ''Currently, I see some opportunities in the retail sector.'' Kimmel's favorites include Candie's (Nasdaq: CAND - news), a retailer and manufacturer of women's and girl's shoes, and American Eagle Outfitters, a retailer specializing in young men's and women's fashions (Nasdaq: AEOS - news).