Is it just me, or is this market in molasses mode? Longs not moving. Shorts not moving. Not even the Nets are moving. The other tip off: My picks are drying up on both sides, leaving me with little to do but sit here and tread water. Guess it's time to revisit some of those sideways strategies!
You have questions? I have answers. Not accurate ones, of course, but answers anyway! Try me out at
firstname.lastname@example.org . And no full name, no service!
Tea Leaves Say Patience
How about Macromedia (MACR) ? The company is reporting earnings on May 5, and I am expecting a fairly decent upside surprise. How do you read the tea leaves in its chart? A number of folks I work with consider Macromedia's products (especially its Dreamweaver Web design tool) to be superb. -- Will Mueller
PC Sellers Break Out
There is a group of stocks that has developed similar chart patterns on which I would appreciate your advice. The direct computer sellers, CDW Computer (CDWC) , Micro Warehouse (MWHS) and Insight Enterprises (NSIT) - Get Report, all look similar in that they have broken up from a bottom. I would like to know if the chart and entry points look OK. I would like to keep these for a double-GBS or 10 %. -- Luis Mendez
BVSN Presents Clear View
High Volume No Problem
On April 23 I entered a position in Unimed (UMED) at 6 7/8. After moving up slowly on very heavy volume it appears to have begun a pullback. Normally I would not be concerned, but it seems that UMED's volume just keeps growing! Do you consider this a foreboding development? I do have a stop at 5 3/4 but am curious as to your valued opinion. -- Kenneth Haimila Jr.
FGI Fighting Resistance
Friede Goldman (FGI) had a nice breakout in recent days. Would you offer your comment on it? -- Wendy Zhao
I'm losing my shirt in Iridium (IRID) . Should I bail now or pray for a miracle? -- Steve Chen
NOOF: No Problemo
I'm sitting on a nice profit on New Frontier (NOOF) , which has had a sudden drop in share volume with no movement. It's at a new high with earnings reporting at the end of the month. Do you interpret this chart as bullish? -- Stuart Scolnik