SI
SI
discoversearch

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.
Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?


To: Broken_Clock who wrote (8267)4/19/1999 9:05:00 PM
From: Thean  Respond to of 14427
 
Some more IQC supports (no guarantee they will hold) of some recent hot favorites:

BBY - 40
WMT - 80

One short for the "commodity" play - PPG - the company already announced they aren't going to grow anything from 1998.

biz.yahoo.com

Why would investors pump up the stock if the company already said the company will not improve upon their results this year from last year? Dead money for one more year? It happened that $63 - 63 1/2 is a strong resistence and the stock moved up from the 40's a week ago to 62's today in the face of this commodity frenzy. I say this frenzy's time has come and passed. If anything, money will come out and rotate back into the big techs for a dead cat bounce play. Then further correction.



To: Broken_Clock who wrote (8267)4/20/1999 11:06:00 AM
From: Thean  Read Replies (2) | Respond to of 14427
 
Papaya, my WFT put is looking better already! Lately there have been a Tuesday-Wed dip for the drillers. Don't think API's data tonight is going to add fuel to the recent fire <GG>.

EMC printed below its support of 96 intraday. This is one of the first major big techs to reach its support and bounced off. Will follow this for guidance as to whether others will follow suit.

PPG is sinking already. Think the commodity play is taking a cool dip ?