As I was looking at the market open this Friday, the thought dawned on me: There is nothing more terrifying than seeing a stock you have a position in with the news "XYZ halted; news pending."
Yes, I know, sometimes it's good, but when it's bad, it's usually really bad. Scares the heck out of me.
And while we're on the quote stuff, here's a factoid you couldn't care less about, but one that I find interesting: I have never thrown a "perfect game." By that I mean, I have never had a day where all my longs go up and all my shorts go down. Now, I'm talking about the times I've had 10 or more positions open. Yep, that's right. It's never been 27 up, 27 down for this minor leaguer.
Has it ever happened to you? Well, let me know at
firstname.lastname@example.org, where I'm still trying to match
Father's Day outing. (That's for you
The answer to last week's trivia question has got to be
(even though, as a Wahoo alum, I'd suffer some pain at seeing the Blue Devils winning -- again).
Nothing Wrong With MRVHow about a look at the chart of MRV Communications (MRVC) , a fiber-optic company and incubator? -- Ken Goldberg
A Breakout in the Making
As a fellow Duke alum, how could I miss? Well, I guess that puts me at the top of heap. How about a chart? I know your rule of one to a customer, so let me cleverly phrase the question. Which of the following four stocks has the weakest chart and could be considered a candidate for sale: Intel (INTC) - Get Report, Cisco (CSCO) - Get Report, Oracle (ORCL) - Get Report or Sun Microsystems (SUNW) - Get Report? -- Arvinder Uppal
Arvinder, none are weak, and I'm long all of them via the Prom Queens. However, let's take a look at Sun Microsystems since that looks very juicy right now.
A Good Chance of Hitting 110How about a look at Metromedia Fiber Network (MFNX) ? The chart has remained strong throughout all this volatility, and I would like your take on where you see it going from here. -- Eric Gerber
Analog Devices a Super Trade So FarI'm long Analog Devices (ADI) - Get Report since the dip on Jan. 31. It made a nice run from there. I'm concerned that the price break through the uptrend line on March 14 might suggest the good times are over for a while. It has bounced back with the rest of the market but might be settling into a congestion building period. What do you think? The fundamentals of the company are still very strong with strong earnings growth. -- Craig Kincaid
Rising SeasHow about a look at Seagate Technology (SEG) ? It seems to be on the rise again. -- Ira Stevens
A Stock Even Gary Wouldn't TradeIf you get a chance, would you have a look at Packeteer (PKTR) ? I bought it based on what I thought was a good fundamental story. -- Barry Bergwall
Time to Buy?I don't have any kids who swim, but I'd really appreciate a look at MIPS Technologies (MIPS) . -- Matt Bayly
An Eye on the FalconI liked your call about oil stocks. Obviously, the rise in prices has the White House squirmin'. One chart that caught my eye is R&B Falcon (FLC) - Get Report. Whaddaya think? -- Rich Gelb
Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. At time of publication, he was long Intel, Cisco, Oracle, Sun Microsystems, Nokia and Metromedia Fiber Network, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith writes five technical analysis columns for TheStreet.com each week, including Technician's Take, Charted Territory and TSC Technical Forum. While he cannot provide Investment advice or recommendations, he welcomes your feedback at