SI doesn't use 100 MA, you can dial in any number you want for a picture of the trendlind. Only the 50 MA and 200 MA are used by any knowledgeable TA and we all know you don't qualify.
Anyway, you have continued to resort to name calling as a "little boy" is wont to do. I remember most of the "little boys" I grew up with who called others various names, were more often than not guilty of "having their mouth write a check that their body couldn't handle" and I believe you qualify "little boy"
TO ALL WHO CARE: Here is my take on the near term TA of DDIM.
Friday's close marked the 4th time in the last month that the price has attempted to penetrate the declining 50 MA without success. If you don't believe in TA, all you have to do is look at this chart and see where the selling pressure has come in; right on the 50 MA. The good news for bulls is I believe that we have about eaten thru the selling pressure and are about to reverse and go above the 50 MA which will be very bullish both ST and LT. A close above 26 in here which should happen this week and maybe Monday will just be the beginning. The 200 MA is at 18 and accellerating to the upside. All is in place for a move up. We should first go up to the low 30's where there wil be additional selling pressure before pushing into new high ground. Intelligent shorts should cover no higher than 27 and stay out or go long. If we do not go thru 26 in here and instead pull back, I would look to cover at 22 ( I doubt that you will see it) as that has supported recently. I don't believe that you should buy calls as protection as the premiums are high and you will just extend your losses.
Many shorts have expounded on the belief that at some point in tme, DDIM will not have a product and that the stock will sell at a much lower value and therefore lets wait it out. This is very faulty analysis. What's going to happen in here is a continued upgrading and positive earnings and sales announcements that will continue for a long time. You should ask now; How high a price am I willing to endure while waiting for this pullback. What if DDIM goes to 35, 45 60 or higher as I strongly believe that it will.? Are you prepared to ride it out? DDIM in my opinion and just about all of the Y2K issues are only just beginning an explosive move up. I stated in the past that DDIM had to consolidate the move from 8 to 32 adjusted. That consolidation looks to be about over. I stated before that I feel that this group will explode once the news becomes front page crisis and fear. It will happen. Once everyone in Washington learns that all Fed. Agencies from the IRS to the US Treas. will not be Y2K compliant, then these stocks will come into their own and fly. You may think that the news is out, but just ask your next door neighbor what Y2K means and you will find out.
When to really sell?
Easy, once everyone is convinced that the world will be coming to a screaching halt on 1/1/2000 and every Tom, Dick and Harry is coming public with a Y2K IPO and everybody( John Q Public) is screaming to buy them, Then and only then can you short for the coming fall. I've said it before and I'll say it again, the OBVIOUS fundamental analysis of this group is that they have no future and no real procuct and that analysis is very wrong and unfortunately the shorts will be decimated. None of you are able to go long in these issues as you only fear what you think you know and it's so OBVIOUS to go short based on your understanding of the situation. Going long to most of you is fundamental suicide. I ask you this, who do you think was buying all the stock this past week? DDIM will climb this "Wall of Worry" and very few of you will believe what is happening.
You don't have to believe this as it is only the opinion of someone ho recognizes that the Y2K is the greatest investment opportunity that I have ever had the fortune to participate and it's only just beginning!
You can all still participate and make a fortune, the choice is yours.
good luck in your decisions! |
