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To: Timelord who wrote (2231)8/28/1998 7:33:00 AM
From: Thean  Respond to of 14427
 
Alex, TWLB and all nutrition/vitamin companies took big plunge (15-25%) at the beginning of August when GNCI announced price cutting. The fear was it will put the entire industry into a price competition tailspin and wipe out the high margin they have been enjoying. After that days, companies like TWLB and RXSD came out and said they would not expect GNCI's price cut to eat into their margins. So the rebound. But only time will tell. I intend to cover my TWLB put today, thinking the support is at $30 short term.

SEV - the price is right, especially if it can get below $11. Flowtest news leaks should be out within a few days. I don't expect the push to go over $15 no matter how good the news is. I may nibble here may hold over the weekend. If Monday starts out bad, one can sell SEV at the open without much loss (this one is different).

I may also daytrade the drillers long. VRC and FGII are two good ones.

DELL has been taking a bit hit overnight in the oversea market. Now it is at $120. I don't believe it will stay that low when the US market opens. But things may change here. I did notice after going through the list of stocks I tracked that quite a number of the beaten down mid-small caps managed to survive yesterday unharmed. One day does not a trend make but do keep an eye on these stocks as the indeces tumble. People may actually switch over to these beaten down stocks from the high flyers for a chance. I smell opportunities if this turns out to be the case.

For a handful of bounce play today (for very short term trades only):

BGEN - support at 50.
ICOS - suppport at 17 1/2
PMRY - support at 15
OPMRF - support at 7 - 7 1/2
TWLB - support at 30
SEV - support at 10 5/8 - 11
RIG - support at 26.