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


To: Jerry Olson who wrote (15218)3/8/1999 7:43:00 PM
From: Ms. X  Read Replies (1) | Respond to of 34811
 
I couldn't believe CMGI and CNET today!
Wanted to play CNET but didn't :-(

AOL looks great. Trying to pull up the other charts right now. Going very slow...lad da dee la da da.. so,how's the wife and kids? Ah, it's up...

On the 5pt chart (which is the only way to look at internet stocks) YHOO looks beautiful. Can buy here. Stop of 145. I think it has an easy move to 190.

Interesting the OEX. Breaks that triple and it could shoot up. Buy SPY's at that point :-)



To: Jerry Olson who wrote (15218)3/8/1999 8:10:00 PM
From: Diana  Read Replies (2) | Respond to of 34811
 
Hi ho Super Jer:

Re CMGI retracing 1/2 the high pole . . . in a perfect world, it should. But Wetherall is playing this stock like a harp what with the earnings, possible split, possible surprise earnings or big news, not to mention the great press they got recently at the analyst meetings. I can't imagine when it would retrace . . . . tomorrow morning or 2 months from now. I stayed on the sidelines watching EBAY when all common sense and market behavior said it just couldn't continue up.

I hate being prudent and poor.

So I'm going to watch this puppy with my eyes glued to the screen. If it starts skidding out of control, I'm out. It seems I always sell too soon so this is my test case for "holding on to the winners". Wish me luck.