Hoo-hah! (Sorry, but I love that favorite JJC expression.) You should see my email. I've gone from folks who were going to make 500% a year, to folks blaming me for bashing their stocks and causing them to suffocate. Ah, if only I had that power...
On that note, here's my "policy" on the chart columns. I only pick charts to profile that a:) have a lot of requests, or b:) where the email interests me.
Of those I select, I put them into either my Friday, Saturday or Sunday column, and all those "selections" are made by Sunday night for the following week. So, really, truly, I have no idea what the chart looks like until I go to write the columns five days hence. Good, bad, indifferent: I call 'em as I see 'em. Most of you know that anyway, but just in case you thought I was picking on your little ol' stock, well, now you know better!
So, market up, market down, we're still open for business here at
email@example.com. Just remember: Don't shoot the messenger!
OK, to start things off, something on the light side today. This is compliments of one of our many knowledgeable readers, regarding my reference to Jim Bunning's perfect game on Father's Day, 1964.
Gary: I'm not sure whether the following is true or apocryphal, but either way it's a good story about Bunning's perfecto. The story I heard is that in the seventh or eighth inning, Bunning called his catcher, Gus Triandos, to the mound. Bunning asked Triandos to tell him the funniest joke he knew, to help relieve the mounting pressure. Triandos thought for a minute, then said, "Sorry, I don't know any jokes," and returned to his position. Peter Hirdt, VP, Elias Sports Bureau
Gosh, how can you not love that story? Thanks, Peter!
Anyone Remember the Biotechs?
More Like Netro
Dear Gary: Netro (NTRO) broke out a couple of weeks ago, and I missed it, although I had it on my ticker screen, waiting for the right entry point. It moved up over 60 points in three days to over 100 and now it is trading at about 82. Do you think this one is a winner? If so, is this price a good entry point (if it is still in the 82 range)? Riad Labadi
Grandpa Would Be Proud
Gary: My grandpa, who followed the ticker every day until he was 95 (when his own ticker clocked out), always believed in American Home Products (AHP) . Although he is gone, his portfolio lives on and includes more than 3000 shares of AHP. Happily, I also bought a bunch of AHP when it dipped to 40 or so back in December. Anyway, it looks like the stock is finally showing some life and I'm wondering what you can discern from the charts. Mark Melhado
Venting Over Ventro
Deep in the Chips
Gary: I, too, use TC-2000 and have learned a lot by following your analysis of stocks. Would like your input on Check Point Software (CHKP) - Get Report. I have owned it since mid-1998 and have a cost basis of $16. I don't want to lose potential upside, but don't want to lose my profits right now either. Seems to have a strong support around 190. Where does it go from here? JA Herfindahl
Gary: Check out Extended Systems (XTND) . This stock has been following a nice uptrend on the log chart. The company has a new contract with Palm (PALM) to provide the wireless solution for all their wireless hand-helds , and they are heavily involved in bluetooth projects that include Microsoft (MSFT) - Get Report and Ericsson (ERICY) . The outlook seems very strong and this looks like a nice entry point on the chart as well. Bill Martin
Gary: Having two diabetic sons (doing very well), I have followed and invested in Minimed (MNMD) (MNMD) . It has done very well, especially for a small cap. However, I never seem to get a good read, especially now during the current rally. Would you care to view and comment? Rick Loy
Gary: Could you give me a read on MCI WorldCom (WCOM) ? I'm long, based on fundamentals, but it seems to be going nowhere fast. Tim Rindfleisch
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 held no positions in any securities mentioned in this column, 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