Posted by T A P T A P has taken a position in AMTD on the open market and is not compensated in any way by any company mentioned! All information can not be guaranteed but is believed accurate and is for purpose of research and is not a solicitation to buy any security and doing so will be done at your own risk. For more information on AMTD see other posts on T A P message board and Yahoo News & Profile.
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on 5/2/2001, 12:17 pm
With the market back on track and an analyst for Schwab on CNBC this morning looking for Nasdaq to rebound to 3000 T A P excpects the brokerage stocks to rebound right along with it as more and more orders will be place thru discount brokerages. T A P has set its sights on Ameritrade (AMTD Nasdaq) as the new stock pick. AMTD recently broke thru its 50 dma of $6.47 and looks to be nearing its 100dma of $7.75 today and should it break thru that level its 200 dma is $11.29. GNTA which recently broke thru its 50,100 & 200 dma is now trading about $1 above its 200 dma of $7.59.
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