Jimbo's Playhouse/CPQ 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.

Technology Stocks : Jimbo's Playhouse/CPQ

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Richie who wrote (5425)	12/16/1999 7:25:00 AM
From: Kenya AA	Read Replies (1) of 12662

Hi Richie: Congrats on your CMGI buy!!! Well done! I'm not very good on deciding when to sell either, but I can offer some food for thought as well as muddy the water a bit. <ggg> When do you know a run has lost it's steam? It depends on what you mean by "a run." Look at a 2 year chart. bigcharts.com If you had bought CMGI at the beginning of 1999, would you say that the spike to 165 in April was the end of "a run?" If so, according to O'Neill, the determining factor was that CMGI broke out of its upward channel line on heavy volume. The problem with the channel line break method now, though, is that it's pretty hard to draw channel lines on CMGI now because it's so stilty. Hmmmm. Decidely down on large volume? Maybe. But then you might have sold yesterday. <ggg> A breech in the 7 day EMVA? 7 day?? You're kidding! Where would be a good selling point for this stock? One rule of thumb is that once the stock breaks out of a cup base to new highs, it should run the same amount as the difference from the top of the base to the bottom. Using that theory, the top was 165ish and the bottom was 65ish - 100 points. Add that to the top of the base and you get 265. Hope this helps. <ggg> K

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next