Bill Wexler's Dog Pound 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.

Non-Tech : Bill Wexler's Dog Pound

REFR 1.890

+2.4%

Dec 1 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kevin Podsiadlik who wrote (7043)	3/3/2000 4:22:00 PM
From: DanZ	Read Replies (1) of 10293

Actually the close is more important than intraday swings and technical analysis isn't an exact science down to the last 1/8 point. GUMM closed at 21 1/4, so the daily chart still looks fine. It would take a much more severe decline to turn the weekly and monthly charts down and I'm more interested in those as an investor. If the stock follows through to the upside next week after bouncing so much off the low at 20 today, and swiftly I might add, it is very likely that the correction from 36 is over. Several bids over 5,000 shares were filled today so it is obvious that buyers with size want the stock. GUMM is volatile and shorts can make money playing the swings. I don't have a problem with that. The long term trend in the fundamentals and stock are bullish, and shorts that don't cover soon for a profit will probably be unhappy in a few weeks. I do not think that GUMM is a good sell short and hold stock.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next