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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: space cadet who wrote (18970)12/18/1998 2:07:00 PM
From: Clint E.  Respond to of 69321
 
Hello Space.

DELL; I wouldn't buy it now because I expect to see it down to 64 again. Then, in Jan. I expect to see it make new highs but not like an explosive breakout action in the past.

I expect to see some broadening of this rally in the high tech in Jan. I came up with my 2300 target by making some assumptions about msft moving to ~150, csco to 95(almost there!), intc 140, .....and the rest of mid-cap techs gaining ground too.

I have played a couple of the nets like amzn on the short side and mspg, dclk, cmgi, on the long side but in general i have missed almost all of the ride this time around. Never got into it when it started since I was busy at work and then when the small-nets fell apart, I lost interest.

Yhoo keeps looking to break out of its trading range but it needs some good news to go. Maybe a split would do it.

I rather play stocks like csco,intc,lu,noka,txn,msft,mer,mwd.....a bit less volatile. When I am attached to the monitor, I do small bets on internet stocks....

You didn't cash out of kea at ~37-38???

Clint