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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: American Spirit who wrote (38367)5/6/1999 3:57:00 AM
From: Jenna  Read Replies (2) | Respond to of 120523
 
BKS doesn't look to me like its going to double in two weeks. the trend was in mildly bullish uptrend and there is support at 33 and resistance is 35 1/4. BKS dropped below both its 50 day and 10 moving average. In the last 30 days one of its "strong buys" was removed leaving it with 2 from 3. Both the MACD and Momentum indicators gave a bearish sell signal today. It has a growth rate of 17% a year going forward which is okay. The internet and techs recovered today but not BKS.

There was a lot of insider selling in BKS in March which could or may not mean much:

KLIPPER, MITCHELL S. Executive Vice President N/A Direct Sale
03/22/1999 100,000 $32.42 - $33.75 $3,308,500.00
DEASON, DAVID Officer N/A Direct Planned Sale 03/18/1999 24,976
TOLWORTHY, THOMAS A. Officer N/A Direct Planned Sale 03/18/1999 19,300 N/A N/A
DEASON, DAVID S. Officer N/A Direct Sale 03/18/1999 24,976 $34.00 $849,184.00
TOLWORTHY, THOMAS A. Officer N/A Direct Sale 03/08/1999 - 03/18/1999 59,200 $27.00 - $30.12 $1,690,752.00


Posting nearly the same post on 11 threads doesn't help the chart. Of course something interesting COULD happen in a week, but then you will see a clearer signal.



To: American Spirit who wrote (38367)6/7/1999 2:57:00 AM
From: Jenna  Read Replies (2) | Respond to of 120523
 
BKS.. people did get burned as I just read on another popular thread. I've often cautioned against getting 'turned on' by anyone's overwhelming enthusiasm about any particular stock. I was not bullish on BKS from the outset and did not see the golden pot at the end of the BKS IPO rainbow. I have stated as much in 4 posts plus a half dozen e-mail. Yet some people managed to get burned notwithstanding. I will continue to try to help by 'neutralizing' outrageously, enthusiastic ebullient claims and to hope to prevent losses by our traders as a direct consequence of this hyping. So if I seem a little harsh at times to hyping, the
historical prices below are the reason.

techstocks.com
Message 9351027
techstocks.com
techstocks.com

Chart of BKS from May 6


DATE CLOSING PRICE OPEN HIGH LOW VOLUME
-------- ------------- -------- -------- -------- -----------
6/04/1999 29 1/16 29 5/16 29 5/8 28 3/8 564,800
6/03/1999 29 7/16 28 13/16 29 9/16 27 7/8 712,800
6/02/1999 28 5/8 26 15/16 28 11/16 26 5/8 993,900
6/01/1999 27 3/8 27 7/16 28 26 9/16 1,076,000
5/28/1999 28 3/16 28 5/8 28 5/8 27 15/16 618,100
5/27/1999 28 1/4 29 1/16 29 1/16 28 1/8 817,300
5/26/1999 28 15/16 29 29 7/8 28 1/2 1,464,500
5/25/1999 28 3/8 32 1/4 33 1/8 28 1/8 3,534,500
5/24/1999 31 3/4 34 7/8 35 30 15/16 1,863,500
5/21/1999 34 7/8 33 7/16 36 33 1/4 1,780,100
5/20/1999 33 7/16 33 33 13/16 32 7/8 706,100
5/19/1999 33 34 34 1/4 32 5/8 706,600
5/18/1999 33 7/8 33 5/16 34 9/16 33 1/4 646,500
5/17/1999 33 3/16 34 1/16 34 3/16 32 11/16 772,800
5/14/1999 34 5/16 35 35 34 472,300
5/13/1999 35 1/8 35 3/8 35 3/8 34 5/8 578,400
5/12/1999 35 1/8 35 5/8 35 11/16 34 1/2 475,400
5/11/1999 35 1/2 34 1/2 35 7/8 33 3/4 732,700
5/10/1999 34 7/16 36 36 3/16 34 3/8 461,200
5/07/1999 35 3/4 35 1/2 36 3/8 35 7/16 625,000
5/06/1999 35 1/4 34 5/8 36 3/8 33 5/8 943,000


Chart of BNBN, since it IPO'ed

DATE CLOSING PRICE OPEN HIGH LOW VOLUME
-------- ------------- -------- -------- -------- -----------
6/04/1999 16 1/2 17 1/4 17 1/4 16 1/2 1,502,000
6/03/1999 16 7/8 18 1/8 18 1/8 16 3/4 1,882,500
6/02/1999 17 3/16 19 3/4 19 3/4 16 3/8 5,929,100
6/01/1999 20 22 1/2 23 3/16 19 1/2 3,809,100
5/28/1999 23 3/16 24 1/2 24 5/8 22 5/8 3,574,300
5/27/1999 24 26 7/16 26 5/8 23 7/16 43,302
5/26/1999 25 5/8 26 26 1/4 24 3/16 9,502,900
5/25/1999 22 15/16 25 26 1/2 22 3/4 33,874,500