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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (3974)	10/8/1998 10:29:00 PM
From: Thean	Read Replies (2) \| Respond to of 14427

I thought today's US market was crazy. The Japanese market is at the same page as well! US$ is again down and gold is again up $2. We did have a capitulation today - not on DOW but on Nasdaq especially the smaller cap stocks. These stocks have been beaten down so bad and today was the capitulation for them. They did manage to make back a lot of their losses going into the close and my thinking is there will be a carry through rally tomorrow in the morning regardless of the pre-market S&P future. However, people will sell into strength whole day long and we may give back half the gain by close tomorrow. I watched Ralphie on TV on Maria's show and he did not do his homework. There was a broadbase attempt to pare the much steeper selloff for MOST of the stocks but he only indicated the financials. Not true. I don't see many stocks closing at their lows today. I do agree strongly with him on one thing - the unanimous #1 stock to go long is MO, which happens to be my largest drip holding as well. The followings are a handful of stocks that I follow which either have bounced off supports or are riped for a technical rebound. KNDL PMRY SKYT TWLB NBTY OSX reached new low today but I'm afraid they will not participate much into the bounce. BGEN - close above support. It may fly again tomorrow to 69 which will be good for another short opportunity. I covered today. AFS - an Oct 50 call may be tradable. Premium is not cheap however. An alternative is to go long KRB and short it later around 16 1/2 if the rally loses steam.