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


To: Marconi who wrote (12979)8/19/1998 12:30:00 PM
From: virgil vancleave  Read Replies (2) | Respond to of 18691
 
has anyone else noticed that breadth today is back on the negative side. Makes it look like the rally really should be sold and that our "problems" are just beginning. new lows are once agin in the lead and decliners are running the show. Does anyone else use the market internals as an indicator?

I am currently short tklc and lcos. tklc has much resistance around 25 area and should get turned back again for a nice ride down to 19 or 20 range. lcos looks to be a wild ride and trades based on hype with no fundamentals. I think they release earnings today, but not sure.

that evil tower company sctr is looking like a good target again with a target price just above 28.

good luck