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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (20417)	4/7/1999 1:36:00 AM
From: Johnny Canuck	Respond to of 67879

Hi Jim, Thanks for the list. I have never had the time to research the biotech that much. I need to add that dimension to my trading universe. Are these companies all trying to exploit a particular theme/area of research? Keep an eye on ADTN and AFCI. ADTN should report on April 20. It is the first of the telecom stocks to report. The CC will give some indication of the strength of demand going forward on the side closer to the curb. AFCI has the rumour of an RBOC contract floating around right now. It could be true as they have been knocking on their door for a while. It is a matter of who blinked first. AFCI has never been one to give on price. ADTN has pre-warned, but the option trading might give some indication whether they beat or miss revised expectations. For the record, paper trade: LONG BRCM tommorrow if it can stay about 68-69. Target is 80 (loose target as this can be a volatile stock). Harry

To: j g cordes who wrote (20417)	4/7/1999 2:47:00 AM
From: Johnny Canuck	Respond to of 67879

Correction Jim, ADTN is April 14. DSP on Arpil 12 should cap this QCOM run or send it to the moon. In general I would expect guarded comments about Japan from DSP, but as I have said before I have not kept up with the conference calls. I can't see the Japanese investors putting out money to build CDMA infrastructure at this point in time given their economic conditions, but stranger things have happened.

To: j g cordes who wrote (20417)	4/7/1999 5:20:00 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 67879

Technically oversold stocks whose OBV are flat despite the dramatic decline in price: CPWR CYMI ITWO MRK Range bound stock at the low end of the range MMM ( lower range 70, upper 80). This is a technical screen only. Has anyone else noticed that the DOW and COMPX are bumping up against their new highs while the 30 year bonds and the DJUA moved in opposite today. The DJ and DJTA looks to confirm new highs but the DJUA is moving down in the other direction. Not good in my book.