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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: Neil H who wrote (4906)1/4/1999 1:23:00 AM
From: Larry S.  Respond to of 90042
 
Neil, RBK is strictly a bouncie, short term chart looks good, and think it will rebound in early january, not interested in it as longer term play yet. CD - Cendant - is extremely attractive to me both as a value play and momentum play. There was massive institutional dumping of the stock as the problems developed. It was an ugly story, but Silverman has seized control of the situation. There are great assets within the Co: major motel chain and real estate franchises, AVIS rent a car, and consumer/internet shopping and subscription services. I think that we may have had the correction or consolidation when the stock tested 18 after its move up over 20. I think institutions will move back into this stock with a vengenance in '99.
HYPT is more of a flyer. Hyperion Telecommunications is a division of ADLAC (Adelphia Cable) - is a well run CLEC - stock has a sharp decline from 17 to almost 4, then reversed and has been heading straight up. moved from 4+ to almost 13, then retraced and did a nice test of 11 support. Last week moved sharply off of 11 to present 15+. I think that the stock will retest the 17 high, and move beyond it. Given the volatility of the sector, i am interested in it as a short term and trading play. larry