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Technology Stocks : Zi-Corp (ZICA), formerly MCUAF
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To: Dr. Seuss who wrote (1726)11/19/1999 9:22:00 AM
From: John Stichnoth  Read Replies (2) of 2082
 
ALL--fwiw, two points about Zi's chart, and then a comment to Dr. Seuss--

1. The basing pattern (moving sideways) that occurred through September and October is normally reserved for stocks that will move higher. The theory is that the stock is consolidating its prior rise, and shares are moving into "stronger" hands, i.e., owners who won't be as quick to sell. In this case the TA theory seems to be working.

2. The move this week back down to 13.50 was a classic case of filling a gap up. In this case, the stock had had a little jump on Tuesday. This can be seen if you look at a 120 x 60-minute chart. It's not surprising that it rebounded after hitting 13.50, based on the chart.

All of that is only relevant, of course, if you believe in Technical Analysis. And it is offered only as food for thought.

DR. SEUSS, can we please avoid the name calling? A lot of the people on this thread have been here for years, and have been very patient with their money. If you had read the history of this thread you could see that. These are not "pump and dumpers". A thoughtful review of the history of the company would show you that the recent events are a dramatic change for this company. The company's fundamentals have changed in the last several months.

Best,
JS
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