SI
SI
discoversearch

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.
Pastimes : ASK Vendit Off Topic Questions
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: thecow who wrote (6388)1/8/2000 9:38:00 PM
From: Vendit™  Read Replies (1) of 19374
 
does your placement of a stop sell on island just under ninety have to do with possible gap fill?

C

My personal stop just below $90 has to do with $90 being the last firm support level above that gap so my answer to you is yes.

On the flip side of the coin you should also consider the fact that all of ISLD's technical indicators are in the over sold ranges on their perspective ranges. I'm looking for a bottom now and was a bit un-nerved as I saw it lose momentum the last 15 minutes of trading on Friday. I also picked up what I at first though was a negative late breaking news release having to do with additional shares being introduced but after a closer inspection of the news I saw that Thursday was when this news came out.

To sum it all up;

1- ISLD is oversold and due to reverse

2- It will have some additional shares added to the float on Monday but it will be minimal as a % or total float.....i.e. a flash in the pan IMO.

3- It has received a new price target of $200 recently as well as several strong buy ratings.

4- I take the stance that since we are so close to support that protection is a good thing......via a stop under support but not too close to $90 support or the mm's will steal away your shares.

5- The stock should recover to an uptrends within days if not by Monday IMO.

askresearch.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News