We are really starting to get on people's radar. I was doing my normal before bed read of the Street.com and look what I found from Gary Smith's column - see below:
For those not familiar with Gary, he trades for a living using the charting method and writes a column for TSC. As part of his column, he takes questions on individual stocks and presents a chart with his opinion and comments. I wasn't able to copy the chart, but the comments he made on the chart were:
" XICO is very similar to RFMD: it just does not want to go down. Notice it gets bashed, but on low volume. When it wants to go up, though the volume returns. That's bullish. If it pops to a new high, that is the time to buy."
Note that the date of the article is 1/7/00 12:25 am et
<And finally, two reader requests: Bluestone Software (BLSW:Nasdaq - news) and Xicor (XICO:Nasdaq - news). You might recall that Bluestone was one of my picks for the B2B supplemental draft, and one that shot up dramatically the day the column appeared. This generated a few questions, mainly along the lines of: a) Did I own the stock before the column appeared? (No, see my thoughts on Danbury above) and b) Did I "move" the stock with my column? The latter, of course, is a good question. It's still hard for me to fathom having that kind of force, but yeah, I suppose there's a possibility my columns could generate some buying and particularly in a relatively thin stock, enough buying to move it quite a few points. That said, Bluestone was averaging about 2,000,000 shares per day before I wrote the column, so I wasn't exactly talking up a stock that traded only 200,000 shares a day. Nevertheless, it's definitely something for me to consider as I write future columns. > |
