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Non-Tech : AMERITRADE HLD A (NASDAQ:AMTD) -- Ignore unavailable to you. Want to Upgrade?

To: Gil Gilbertson who wrote (439)	11/11/1998 8:09:00 AM
From: AugustWest	Read Replies (2) \| Respond to of 1848

well, someone likes AMTD. From Clearstation: 'kensey' has recommended AMTD (Long)'kensey' said: Wondering if the online brokers play catch up during Internet StockRally Part 3. The last time all the internet portal stocks and e-commerce stocksexploded was during the month of June 1998. Excite for example, ran up from 26 in the beginning of June to a high of 55 towards the end of June. Other portals performed similarlyand its more of the same on all the charts. The online brokers however did not participate in the rally until July. Ameritrade spent June in a relatively tight range of 13 on the bottom and 17 on the top (these linesare drawn in). Ameritrade entered July at 13 and change and spiked up to 25 by mid July. So there was a phase shift going on where the portal rally ended and the online broker rally began. Ameritrade has had some semblance of volume accumulation over the pastweek and blue bars are starting to stack on the volume indicator graph, but the price hasn't really started to move yet. So the theory is that if attention and dollars turn to the online brokers there could be a repeat of the high octane price spike. So maybe it gets to the pointwhere the holders of portal stocks start to look for better relative value. An important line for Ameritrade is 17. This line supported the stock in the July through September bull run. The stock than slipped underneath this line and bandied in a range of support at 13 and resistance at 17. The has stock has no in fact pushed through 17 and is trading at 18 and change. So 17 should be a price level of support and its right under this line that a stop would most applicably be placed. Since I use wide stops, I'd put it at 15 which is right underneath the most recent cup of prices beforethe latest move up. In at 18 with a 1/2 weight as theory plays can turn out to be apathy plays and I am not really expecting much short term. Reducing MindSpring (MSPG) and Excite (XCIT) to a one half weight to make room. Selling LDG as an apathy play that didnot pan and is under performing. Ameritrade has resistance at 19. This is the high reached inSeptember. kensey See the annotated graph of this recommendation at: clearstation.com +-+-+-+-+-+-+-+-+-