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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: HandsOn who wrote (1518)	10/21/1998 11:10:00 PM
From: LastShadow	Read Replies (4) \| Respond to of 43080

Longs and Shorts The major indices point to an uptrend, but there are a lot of stocks about to, ow which already have reversed. When I was clicking though all my charts tonight all of the intraday ranges seemed a little tight, so I spent some time looking for some potential longs and shorts. Basically, the strongest longs signals from stocks I haven't paid much attention to were from DIS and JLG. I downloaded NETA data and ran the net on it to see where it was going (just for you AT), and it looks really good. When it went above 35 on Tuesday, it broke the long downtrend going on since Mid July, o that makes it technically very strong right now. BTH also still looks good for a short term hold. The Potential Shorts was a much longer list, with the following already in reversal: MCD - 65.250 SCH - 42.250 PEG - 38.125 All three could easily drop 3-5 points before Friday close based on history. If you are in these, I recommend exiting. Other short candidates were: IMNT - 22.75 LCOS - 31.75 MU - 34 NOVL - 13 OSSI - 32.5 VTSS KO HD GM F Set a stop if you are holding these. lastshadow

To: HandsOn who wrote (1518)	10/22/1998 12:19:00 AM
From: AlienTech	Read Replies (1) \| Respond to of 43080

BMCS dropped from 60 to 40, Just cause their DSO's went up a few days? They have been using this excuse ever since I can remember! Especially goldman sacks. If I had not seem some really large holdings by some of the funds I would be nervous, But unlike PSFT, BMCS is a large cap and has very conservative management with high visibility. And its not a momo stock. Selling here if you cannot watch is a good idea, Although I think its also a good buy below 40, not many got it there.