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Strategies & Market Trends : Attitude Alphabet Project -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (71)	5/31/1999 1:24:00 AM
From: Alski	Read Replies (2) \| Respond to of 670

U & V picks (and a couple extra W's): USFS: Nice trend-line acceleration. Pullback from March high was a handle. Retest of bo either in progress or successfully completed. Short BB's pinched in with nice up-trend accelerations. IHS bo in 13dCCI. Cup with handle breakout target and fair value both at 30 (+70-%; stop @ 15 1/2, -13%)). Would have liked MACD to have gotten a little lower before turning back up though. 3dRSI trick bo after 5 day paste. Nice up-trends and breakouts in all the RSI's. Stochs are stoked too. Looks like it's got an attitude to me. An honorable mention for the more aggressive 56ers -- UPX: Target lines at 4+. June-Aug drop was 60%. 60% recovery also pegs target at 4 (+33%; stop @ 2 5/8, -12.5%). BO's in CCIs & RSIs. Positive crosses in stochs. 89 stochs bottomed at 52. Volume perked up in May after new management, hit album, and some e-commerce news (mytvshop.com). Has a THIRTEEN day short ratio and gobs of insider buying. (Oops, except for volume that wasn't TA.) Pull back from recent spike was on decreasing volume. This one looks like it needs to be on a volume watch list. Some W late comers that Wart might have missed -- WIC and WIZTF (well, at one time I was assigned to look at W's) WIZTF: Wiztec Solutions Ltd. develops, markets and supports computer software which provides multi-channel subscription television system operators with a comprehensive and advanced customer care and billing system. For the nine months ended 9/98, revenues rose 45% to $13.2 million. Net income rose 94% to $3 million. Revenues reflect expansion of the customer base and higher revenues from existing customers. Earnings also benefited from increased gross profit margins. On April 1, 1999 Convergys (NYSE: CVG) issued a tender offer for the shares in Wiztec Solutions, which it does not currently own, for a price of $18.30 a share. The tender offer is scheduled to expire on close of business of April 28, 1999. [CVG already owns 50%+] A 3dRSI trick worth watching? Positive cross in 89 stochs at 68.9. Approaching the low side of a $6 trading range with nice acceleration in the up-trend. Nice steady up-trend in the RSI's too. Somebody's put a pretty hard bottom on it at 20 3/8 lately and traditional trend line support is at 19 1/4 (-3.65%). Decrease since the last spike has been on decreasing volume. Negative cross in MACD. May need to trend sideways 'till it bumps into up-trend support but I get a target over 26 (+27%) and fair value of 40 (+95%) to 50. Just don't know what to make of that expired, low-ball tender offer. WIC: Also doing a cup with handle breakout similar to USFS. Right edge of the cup is a bit low, but bo is a new all time high. Takeover in low 30's rumors may have something to do with 6X normal volume on an otherwise lightly traded Friday. 30 (+18%) looks like a good TA target too. Similar CCIs to USFS. BO's in all the RSI's and stochs are stoked. I won't like it any more if it gaps up to some pre-open tender offer Tuesday though. Alski P.S. See Dougr, if you assign two people to check out W's then you get too darn many W's. Did we decide if I had QUV or JUV for next weekend?