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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (18189)	1/2/1999 9:41:00 PM
From: DanZ	Read Replies (3) \| Respond to of 53068

HYPT, CMOS, ISAC, ASHW HYPT: Larry...HYPT is in break out mode on both the daily and weekly charts. I'd hold it as long as it doesn't close back inside of the upper daily bollinger band because that would indicate a possible end to the rally. It hasn't been trading long enough for me to get a good read of the monthly chart. CMOS made a very nice move on Thursday, closing above its middle daily bollinger band for the first time in several weeks. The chart looks great with a target of 20 to 20 1/2. I'm expecting support between 17 3/4 and 18. I sold my personal position at 18 1/4 on Thursday because it was up over 1 point, I had a decent profit, and the SOX started to pull back. I will probably buy the stock back if I can get it below 18 and the SOX is acting well. The SOX tested and held at the middle daily bollinger band three times last week and looks very good as well. ISAC traded back inside of the upper daily bollinger band on Thursday and I think it will probably find support at the middle bollinger band between 1 1/4 and 1 3/8. I'm planning to try it again on Monday if I can buy it in that area. My guess is that the stock will spend some time trading between 1 1/4 and 2 unless something major happens. I don't normally trade stocks in this price range but I like the volatility and have been able to scalp 1/8 to 1/2 on four consecutive trades. ASHW closed above its middle daily bollinger band last Wednesday and followed through on Thursday. The chart looks very good with a target of 5 7/8 to 6 1/8 and I would expect support at the middle bollinger band near 5. The money flow has also been very good the past three trading days and the stock closed above a trend line that can be drawn across the intraday highs reached on 11/23 (6 7/16), 11/24 (6 3/8), 12/16 (5 3/4), and 12/30 (5 7/16). This breaks the down trend channel that began on 11/23 and I think it sets the stage for a test of the 6 area. Alz has been talking about this down trend channel on IRC so he should like that it broke it. If the stock gets through 6 1/8, which also corresponds to the middle weekly bollinger band (more resistance), then I think it will likely reach my intermediate term target of 7 to 7 1/4 where I would expect more resistance from the upper weekly bollinger band. Ron: Thanks for the update on your plans. I really think it's best to hold AHSW as long as it doesn't trade below 5. The problem is that this is 10% from Thursday's close, and that is quite a bit to risk. I want to watch it trade before I decide whether to sell any, but like you, I have a lot and don't want to give back my gain. I'm holding 14,000 shares at an average price of 5.1 after adding 5,000 shares at 4 9/16 two weeks ago. I day traded a smaller amount on Thursday for a 3/16 profit and will likely try to do this on any new shares that I buy. Reading around SI and Yahoo, it looks like ASHW showed up on the screens of a lot of value players over the past week or two. After the stock started moving up, it looks like momentum traders jumped on it and gave it another boost. The real test for the stock over the intermediate term will be how it acts if it pulls back. FWIW, I went to a golf shop today to look at some new golf clubs and they had Ashworth clothing (and other brands) for sale. I asked the salesman how Ashworth was selling and he said "better than the other brands, as usual". In his words, Ashworth is the name in golf and always sells well. I don't know if this is a national trend but I was at least happy to hear that he thinks highly of the brand and that it was a good seller in that location. The Aggies really sucked last night...sorry about your bet, Larry. Next time don't bet on them and they might win lol. A good weekend to all. Dan