Tuesday, February 08, 2005

Loser List for February 8, 2005

ACU--if it holds above that gap at about 19 looks like a long.
AVB--ran smack into resistance at 70. Short?
BEBE-breakout, if it can hold 29, may get some follow through.
CREE--Tom at sixth world and I have gone back and forth on this one--may have found support at 23, but realistically, there is probably too much chance of more downside.
ISCA--breaking out to new highs, but not very convincingly. Perhaps range contraction precedes range expansion?
LCBM--pause after a breakout? More upside coming?
NVEC--gotta figure the percentages favor the next move being down.
PENN--beautiful uptrend. Check it out if you haven't. Not sure about an entry point, though.
There is no "I" in TEAM, but there is a "U" in SUCK. (Sorry, TEAM is on the list but volume is awfully low--and there is no SUCK.)
TONS of steel, and tons of money if you've held since 20(not me). Nice chart, but again, entry??

Remember the disclaimer. Have a good day.

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