Date: Mon Jun 6, 2005 11:54 am
CKCM has resistance at these levels. If you decide to short it make sure youplace a cover order at atleast a buck lower. Stock has tendency to swingduring a session. It's at 22.17 right now. Make sure you get out of CKCMthough before it's too late. This stock is definitely going up in my opinionin anothe 6 months. It's just flying too high for now and has recentacquisitions that they will need to consolidate and show on their accountingbooks.
CRM has a lot of downward pressure too but is already down from recenthighs. If the market rallies over today and tomorrow, look to short ataround 20.85.
AKS is weak. I think it's due too rotation of money out of steel and so isoversold in my opinion. You can go long on this one and the hedge's on ckcmand crm work perfectly for a potential balance for the summer.If you do believe that the fed will indicate that he will stop raising ratesanytime soon, it means the market will potentially rally and is probably theonly new bullish factor for the summer and what might save us from thesummer doldrums (remember last summer, phew). Market is overall in goodshape but weak months without growth will be just that, weak months.
Have a great week at work and in the markets all ;-)
