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 : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (20601)	4/26/1999 10:36:00 PM
From: dennis michael patterson	Read Replies (2) \| Respond to of 42787

Zanger on AOL (this one's for you Challo!): ============================================================= THE ZANGER REPORT - Monday, April 26, 1999 ============================================================= dennis patterson Hello out there stock fans. Another fantastic day in technology and as usual the internets. Priceline.com (PCLN) was the big winner today on upgrades from Goldman Sachs and BancBoston. The stock gapped open 16 points and never looked back closing up $32 to $120. After the bell today Ebay (EBAY) reported much better than expected earnings of .05 vs. expected .02 on very good revenues. In after hours trading the stock is up to $216 or a gap over tonight's close of $7. I also noted that many other internet stocks are up in after hours trading as well. It looks like we could be in for a very strong opening at the buzzer tomorrow. As you may know Knight/Trimark was up $15 to $132 today and the whole online brokerage group is still red hot. Most of these stocks like E-Trade (EGRP), National Discount Broker (NDB), Ameritrade (AMTD) look like they are going higher in the next day or two. Other stocks that had notable days today were Mindspring (MSPG), up very strong today with a nice break away gap at the open and closed the day up $16 to $124. Earnings are due out any day now and I expect this stock could go much higher by the way this stock is acting. As I said in last nights letter, their are still no chart formations at this time of high quality stocks in which to show. This of course means all of the stocks that I have listed, as well as many others, are on the move. For you new members this would include EXDS, NITE, DCLK, EBAY, AMZN, GNET, MSPG, NDB, CNET, AMZN, ATHM, CMGI, WCAP, AOL and many others at much lower levels. Just go to the archives and enter these tick symbols and you will see the charts of these stocks at much lower pre-split levels. The only chart that still looks good is last nights chart of Twenty-Four/Seven Media (TFSM). I will show this chart and one of the NASDAQ so we can see where we are in this current up trend. In these charts you will see three lines that are gray in color. The top and lower lines are called trading bands while the center line is the 28 day moving average line. Stocks and indexes normally stay within the upper and lower bands. When a stock or index is above the 28 day moving average line this is considered bullish and when below the line bearish. America Online reports after the bell tomorrow and if the numbers are good, the stock could go up to $198 in a hurry. Tonight I have a chart of this abbreviated pattern. chartpattern.com Here are a few stocks that are ready to move for you day traders. PCNTF, ABOV, CDWC, WEBT, VIGN, PCOR, RNWK, USIX. And for the more active person that does not day trade at home here is one that could be O.K. tomorrow. NDB buy point is as the stock trades between $62 to $64. chartpattern.com chartpattern.com Hopefully I can find some charts for tomorrow Daniel J. Zanger, Chartpattern.com