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 : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Tulvio Durand who wrote (18534)	4/19/1999 11:41:00 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 34811

Tulvio, I too own QCOM, ATHM, AOL and EMC. For the volatile stocks, I like to look at the 5pt charts before I do anything. Though they have given sell signals, I didn't want to sell quite yet. The reason....Several are at support points that I would at least expect to see a bounce from. If the NYSEBP turns positive, I may rethink and hold. BWDIK, JXM

To: Tulvio Durand who wrote (18534)	4/20/1999 2:56:00 AM
From: PuddleGlum	Respond to of 34811

Tulvio- I sold SONE today, and would really like to get back in now that it's nearly 20 pts lower, but I see the internet sector at the risky end of the field. Tommy's excellent dissertation inclines me toward buying it back, but after staring at lots of 'nut stock charts like you I saw just too many sell signals and I think the basic materials have a lot of gas left in them, making for a fine risk/reward ratio. Look at ALT and CXIPY, not to mention some of the more prominent plays like HAL and SLB. Maybe we get a pullback in basic materials, and maybe the 'nuts bounce hard upward from here, but I think I can pick up some good internet stocks for less in a few months. Meantime, I can make 20-30% in some energy plays. Maybe OJ and Judy sniff at small returns like that, but I'll take 'em. BTW, in addition to basic materials I think real estate (SPK, CEI) and healthcare (whodathunkit?) (HMA, OCR, COL) might be coming out of their doldrums. Now watch SONE double into the split, but only if I don't buy it back. pg