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To: The Ox who wrote (8017)3/31/1999 10:47:00 PM
From: drsvelte  Read Replies (1) | Respond to of 14427
 
Michael:

Just a quick glance at the charts - no fundies. I traded all three of these in December with wins on ENTU and INSS and a loss on PLCM.

ENTU - In congestion for the last two weeks, MACD turning down and Worden BOP (accumulation) falling off. Seems a lot of entrants in the security biz and its not clear who is going to be the winner. I was in SCUR and SDTI in January and SCUR has lost nearly 2/3 off its January high and today warns of awful quarterlies. VRSN seems to be in this space and is the current gorilla (btw, SDTI owns a chunk of VRSN).

INSS - This is a hard stock to trade 'cause volumes are not high and it sometimes has incredible spreads (at least in December 1 pt or more was not unusual). I think Wedgie likes it on a fundie basis. Will split 4/6 so maybe some split mania will take it higher. To me, looks like a potential short as BOP is looking very ugly. Hit a double top - if it doesn't break, then ??

PLCM - I can't figure this one out. Telecom strong and PLCM dies. It seems to have bottomed and is turning up. MACD positive crossover. Volume picking up a bit too. Of the three, seems to have least risk.