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 : SHVA IBM (calls) PKGP WDC -new kid on the block

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JR2 who wrote (6)3/11/1998 10:10:00 PM
From: Stephen O'Hara   of 11
Just like that movie "Hellraiser", "You called, I came..."

The last couple weeks haven't been the greatest after I hopped out of Shiva at 14.25. As soon as the news about NT was released and the stock seemed to stall at 14.31-.375 I ran!

I liked KM at 13 but opted for IFMX instead--- "great call"--IFMX has traded in a 3/8's pattern while KM has run up to 16.5.

Then I liked BSNX at 15, but went to Parker Drilling because of more volume. BSNX went to 18.25, Parker moved about .25 higher. That's cents not % by the way.

BSNX is BAsin Exploration (Oil Services) who's earnings rose 80% last reporting date of a couple weeks ago.

I kinda like QNTM (Quantum- Disk Drives) down from 27 to 19.5, but I'm looking for a earnings warning so that's on hold. QNTM is back to 21 with a high of 22 3/8 today.

Oxford health looks to be a good bet at the mid 16's, if it does a double bottom at 16 on Thurs or Fri, I think it will go to 18+ next week.

I think all the techs are do for a pull back so I think health care or biotech like VVUS is my next hunting ground.

I'm thinking that CPQ (Compaq) is a buy around 20---I'll wait til then, and by the way CIRCUS CIRCUS is rumored to be bought out by Hilton. The rumors have pushed CIR from 21 to 26.

SO, I think that OXHP is my next target if it does a double bottom, and I look for a couple more earnings warnings in the tech sector by Friday. National Semiconductor or QNTM might warn, if they do, wait for the pull back, then jump all over them.

That's my outlook---What's on your menu?

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext