Stock
Positions We Are Monitoring.
Tiger
Software:
12/14/2007
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(C) 2007 William Schmidt, Ph.D. william_schmidt@hotmail.com
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Editor's Note:
Stay hedged for now. Weaker stocks are often under
pressure until tax loss selling lifts at end of year.
Sell Short
CHRS 5.03
Sell Short
FTBK at 17.5 stop limit.
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Short Positions: TISI = 21-day ma of Accum. Index.
IP21=current value of Accum. Index.
In general, we will cover these short
sales if they close above 50-day ma. with IP21>0
I should have said wait for the breakdown below 12,700 to add to short positions.
But these look very weak. And Tax selling usually depresses stocks like these
until the end of the year.
Short
sales (IP21=current Accum. Index)
CWTR 6.96 -.21 NL AI/200=66
HOV 8.23 -.34 IP21= -.10 AI/200=21 ...Below 50-day
ma
MCGC
11.11 -.18 Back below 21-day ma with IP21<TISI
AI/200=51
ALOY 8.37 +.06 AI/200=39 Above
blue 50-day ma but IP21<0.|
CHRS
AI/200= 28 5.03 -.10 IP21=.30
RVI
AI/200=29 4.16 -2.40 IP21<0
Long Positions: (These are arranged so that
the most recent are shown first.)
Long Posiitons.
KTEC 34.07 +.40
Running...confirmed
IP21=.35
XBI 60.21 -.29
IP21>0 /200=192 .... Support is neckline at
59.20
TLK
45.11 -1.26 on Red Buy
Indonesian Telecomm
SSRI
AI/200=122 30.52 -.73 At head and shoulders' neckline
violated....
OBV
was lagging. 50-day stochastic is oversold. Hold for now.
Take profits ----> PMFG
39.52 -.73 Red Buy V ... AI/200=190 Steel. 12-months' hold
period
ends in January. OBV NC and low IP21 on NH,
RFMI 5.99
-.01 Recent Buy B12 AI/200=126 50-day ma is turning over.
RF Monolithics, Inc., through its subsidiaries, engages in the design,
development,
manufacture, and sale of wireless products. Its wireless solutions include Virtual
Wire short-range radio products consisting of hybrid transmitter, receiver, transceiver
modules, and transceiver design and development kits; radio frequency integrated
circuits; and module products.
RIC 3.06 -.02 Head and
shoulders top. low priced gold stock with low PE.
Testing support at 2.9- 3. Note recent IP21<0 on new high.
GLD (Gold Bullion.) 78.52 -.34 At 50-day ma Hold because of long-term
trend of weak dollar.
MCD
61.16 -.35 AI/200=134 At 50-day ma...
Normally held for 21 months.
Was Tahiti Stock for Quarters 1 and 2, 2007.
XOM 91.18
-1.54 AI/200=161... Highest AI/200 Stock.
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