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Art
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ART'S PICKS - OVERSOLD STOCKS THAT COULD MOVE UP SOON

May have to hold for more than a week to get benefit. Need to watch to determine best buy price. Actual buy price will depend on stock behavior and market conditions at the time of buying. Check news, etc. before buying.

2/24

ACAT
APAC
CHRT
ECHO
EQTX
GTCB
IPI
KVHI
LENS
MINI
MMSI
QRIS
TEU
TG
VITR

Posts: 4402 | From: Florida | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
azircon
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guys I think its better to wait a little bit before opening a long position. I watch Nasdaq very closely. If it drops below 2000 level today, then panic technical selling can bring it down to the next support level of around 1900. Whole world looks up to nasdaq for guidance, follow it closely.

Thank god, I didn't open my long position in NFLX. It was beautifully oversold in an uptrend, but it is down $4 in premarket on its bad 1st quater guidance.

In this market, I'd be either cash or slightly short, until nasdaq shows reversal. What do you guys think?

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Bob Frey
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Agree on the short:

IBM short from $97.00 here thinking $90.00 or less before cover.

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Bob Frey
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UPDATE - IBM board authorizes $4 bln for stock buyback, Tue 11:56am - Reuters

Holly crap.. Gonna stay short here though

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Bob Frey
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Covering the 97 shorts here trying for 93.75.

Out @ 94

[This message has been edited by Bob Frey (edited March 10, 2004).]

Posts: 3417 | From: Cleveland, Ohio | Registered: Jan 2000  |  IP: Logged | Report this post to a Moderator
   

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