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Strategies & Market Trends : CANSLIM - COAST TO COAST -- Ignore unavailable to you. Want to Upgrade?


To: froche who wrote (4315)2/16/1999 2:29:00 PM
From: Bruce A. Brotnov  Read Replies (1) | Respond to of 6445
 
Frank, not sure where TAVA will hold as next support is 5 1/2, then 4 5/8 so a bounce off of 5 1/2 would be ok but I think I would not be comfortable in buying yet and I may trim 1/2 of mine as I don't like the breakdown. It could be more index selling in Russ 2000 also giving it additional pressure.
It seems the street is convinced that stocks with y2k income don't matter for 99 no matter how good the earnings. CHRZ beat estimates by 1 cent and strong earnings, and they are down after already breaking $20 a while back.
Need to watch for a reversal in opinion before buying a y2k stock I guess.
Thanks for the heads up.

Bruce