Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (611)	3/25/1999 9:11:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 10601

ST, as you know, the Wordens saw a shift today. Here's their report for others. Gottfried TIPS & HINTS Thursday, March 25, 1999, 4:00 P.M., ET It was an interesting day, replete with surprises. The Russell 2000 (RUT-X) and S&P Smallcaps (SML--X) were big gainers. The patterns are still putrid, but this smacks of a possible change of character. That is, maybe we are actually going to have a pickup of interest in secondary stocks - something many a frustrated analyst has been calling for for the last several years. We keep a watch list of active stocks over $12. There are currently 2281 on the list. We ranked this by today's percentage gains. Looking down the list, we found that we had heard of only one of the first 28. Of the first 50 gainers, we had heard of only five. Three or four of those were Internet stocks. Internet stocks had a fairly big day. But what about all these stocks we never heard of? With the little guys allowed into the parade for a change, we had a much broader advance than has been the case recently. We were impressed by the fact that of our 2281 stock list, over 20 percent were up at least four percent. Did we say "impressed?" Astounded may have been a better word. Sixty-one of the S&P 500 (SP-500) were up ten percent or more and four Dow stocks. Twenty-five of the Dow stocks were up and two unchanged. Our favorite chart patterns for today were S and JCP.