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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Jerry Olson who wrote (15111)3/7/1999 2:38:00 PM
From: Ms. X  Read Replies (3) | Respond to of 34811
 
Taking a look at fundamentals through Value Line, using a specific criteria etc, and combining PnF fixins - I have come up with 5 stocks that look pretty sound.

My intention here is a little more longer term, not short trade. Although with the market the way it is, stops are a necessity. If the long term indicators don't reverse positive, one can always do covered writes etc for protection.

AOL stop 83. Working on a bullish triangle
AMGN stop 61.
EMC stop 92 (near term support) Great to enter around 99.
HD stop 50. Broke triple and spread double
TWX stop 57.

Also, toe dipping into SLB (around 53) or GLM would be good for LONG term investors. LONG TERM being more than 5 hours :-)
GLM would be good for trading on a sympathy play to around 10.5.

Anyone want to see a gorgeous chart look at HDI.

For a wild and crazy time trading CNET would be interesting IF you can get a pullback. Splits 2:1 tomorrow. Rated 2 on Value Line but the PE is out of this world (of course). Very volatile.