Even best-positioned stocks are now failure- prone after breakout.yet,if you approach them with a daytrader mentality it is possible to make a few points here and
there - but you must maintain a real nervous trigger finger to pull the plug as soon as the price moves against you monitoring your purchase minute-by-minute - real time. with that in mind,take a look at SAM;might well
make another point or two.... and should the major indices start to head south - exit without a moments hesitation.
Obviously ulab ,also,has had it for now - and there
will be no further picks until the market ,which appears presently to be imploding,recovers. unless you're shorting i would think it prudent to retire from the gladiator ring at this time.
well,there goes ulab after all - 28.5 today.and hrb,as well,is showing strength ,which may well translate into continued upward progress.
A second look at end of trading day shows ulab back up to its previous high
of 27! - does seem as if it might have power to go - unless the market pulls
it down again.needs daily watching - might move on up after all.but unless a
change in market direction gets confirmation would seem futile to chase this
....and thats it for ULAB; it too has taken the southern route.nor will UOPX
be likrly to move in this persistent sell-off.the only one still fighting
the trend is HRB. entry is anytime but need to exit at first sign of weakness.
Well,wm never made it to 43.0 , so we never got to buy it;now its crashed
,along with its bank sector - but there are still a few others to consider;
for instance ULAB,@ 27 is still holding nicely and , in fact ,ready to buy
right now , within the present consolidation.the average daily vol.has come
down so its had 3 days of impressive buying thus confirming institutional
commitment. UOPX is approaching a buy point but may require a few more weeks
to complete its base;keep watching.
ULAB should not touch 26.0 again before moving out; even so,if it should do
so, exit the stock,taking no further loss; this is still a bear.
08/20/01 : wm - possible buy@ 43.2 with buy vol. > 4.0million for day;
ulab- buy @ 26.2 with vol.of day at least 500,000 . in this
bear take couple points on both - and run.
EASI HEADING SOUTH - NO BUY NOW.
WM - STILL LOOKING OK - BUT WOULD EXIT IF IT STARTS DRIFTING DOWN.
ULAB - MOVING OUT - BUT NO VOLUME!
WOULDNT TRUST THIS MOVE WITHOUT IT.
easi - still looking good following breakout on 08/06/01; a bit extended and
risky at this point but has potential - unless market pulls it down.
wm and ulab remain good prospects .
gmcr did make $ - but needed to be bought at 35, then sold at 41.in a bull
market there should have been no cave-in but in this one buyers are taking
profits at 8 - 10% .so need to be quick and dont look for more.
today coco looks like it should make its move at anytime - its 51 and looking
real strong - but 55 might be as far as it goes.
coco dropped a point friday with large intraday fluctuations and i wouldnt be
buying until it gets back to 53 on strong vol - like around 900,000.
coco caved! - fund managers just real eager to take 5 points and run.
gmcr - almost 40. now;still a buy.
market strength weak;would restrict holdings to gmcr,ulab and wm.
gmcr caved in - had to sell.
wm, ulab still good.
1.ebay - should recover; strong earnings/sales
2.igt - bad idea
3.coh- should move on up
4.incr - incorrect symbol
5.cprt - should continue to go
6. ulab - sleeper; should move soon
gmcr - 40
lncr - best sell now / weak earnings,sales
ebay - 69.3
igt - 64
coh - 37
lncr - 66.6
cprt - 26.5
ulab - 24.1