Lizard King's Trading Swamp Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Lizard King's Trading Swamp

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TATRADER who wrote (554)	8/19/1997 10:43:00 PM
From: Pullin-GS	of 7396

In COMS today at 53 3/4, 53 1/2. We have several very bullish indicators that sugest COMS will do well shortly. First off COMS held up remarkably well over the last few bloody days, and has built a solid base at the 21 EDMA (54 9/16). COMS closed today at 54 9/16. We have broken out of the lower Bollinger Band envolope (54.54) into the upper envolope giving us a target of 57.5. Given todays volume (above 21 DMA for volume) and upward closing momentum, I think that it is likey we will see 58 shortly. This target coincides with the recent highs for COMS, so unless you are long, I would not stick around...not saying that COMS is not a long play...the reader can choose...I don't make stock recomendations <G>. The Bostian Accumulation Distribution had a bullish crossover today as well. This indicator has been a very accurate indetermining an entrance point in the past. RSI is at 51 and climbing. MACD Histogram has been flat, but is starting to slope upward the last 2 days. For you "Eastern Chartists" we closed today with a hanging-man doji....that is we closed at our open and high of the day (all within a tic)...today follows a hammer, where the "body" gaps up from previous day. I'll leave it to the reader as an excersize in Japanese Candlstick Charting for furthur study to determine what this implies.;-) Not many candlestickers out there. :-( Outside influences to consider: Dell's earnings where not bad, so I don't expect to be dragged down by a declining market tommorow in the techs. NN also released news/earnings today that where in line with (or even better IMO) than previous warnings issued by NN 2 weeks ago. We should be OK. Got back into ASND for the gap up in the morning...and sell off on open. Got out of THQI today after diggin deeper into companies fundamentals...the great zeev has been wrong only a few times <G> and this may be one of them IMO. Got out flat. Sold IOM for an eighth. Cheers...Paul

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next