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To: Alski who wrote (4339)10/16/1998 3:01:00 AM
From: waverider  Respond to of 14427
 
Maybe I'm participating in wishful thinking, but today's rally sure as hell looks like it hit a ceiling (the 200 MDA) and fell right back down. Plus the previous 3 August drops it hit this level and bounced back up before crashing through in late August.

decisionpoint.com

That said, the double bottom thing is troublesome...but we had a triple bottom in mid August...and then all hell broke loose.

And if I sit in this damn chair any longer typing out tea leaf crap, my butt is going to form a quadruple bottom. GOOD NIGHT!

<H>



To: Alski who wrote (4339)10/16/1998 7:35:00 AM
From: Thean  Read Replies (1) | Respond to of 14427
 
Alski,
Regarding NBTY - if one is not in, don't chase it. Wait until it pulls back to $5 or lower, if it happens. If not, let it go. NBTY together with TWLB and RXSD were high flying vitamin makers during the pie eating days. However, they were shorted by several MM's in a "coordinated effort" over the last few months with the trigger being GNCI announced price cut in their strategy three months ago. The rally yesterday was due to short covering but there is no guarantee the shorts will not come back for more. However, TWLB did come out and announced they beat estimate when a negative CBS article was out during the day quoting an unnamed analyst putting fear into investors mind about their not able to meet estimates. All TWLB, NBTY, and RXSD met their estimate and grew on track last quarter. GNCI's price cut happened three months ago.

As a group they went from overbought to oversold just like most bloated stocks and got hammered into pancakes. NBTY at $5 or below is a steal. Other vitamin makers (which are in consolidating mood anyway) will want to buy them out ourright if NBTY's share price stays this low for a while. Their next year PE is <10 whle growth rate is >20%. In a recession scenario at home, think people will not get depressed, fat, can't eat, can't sleep, build their bodies, manic-depressed? Their business may slow down but that's in priced in.

The darn DELL I got is not working well. I won't blame it on DELL though, I would blame it on MSFT. Win98 is a piece of crap worse than my own stinking one. How about this - if I were to start the PC with a CD in the tray, I will not able to play the media players and they say "...file not found." If I were to leave the computer on for more than 10 hours, when I come back it will run itself out of memory and can't even perform shutdown. If I were to play G2 realaudio for over 2 hours while I surf the net I will get a "out of memory" statement and won't be able to surf further. Tell you, monopoly is bad. The good news is when I call DELL tech supports, my first call let me wait 1 minute and the second call let me wait 8 minutes when I called around 5:30pm. That is quite good.