Fastcomm FSCX (6 1/8), base now complete. Big Upside. 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 : Fastcomm FSCX (6 1/8), base now complete. Big Upside.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ash Bansal who wrote (34)	5/23/1997 9:02:00 AM
From: Rick Smith	of 802

Ash: I throw TA out of the window with a good rumor, but... If you're curious, the Bollinger Bands say sell here. Upper Band 6 1/2 Lower Band 5 Moving Average Convergence at 5 1/2 FSCX has been trading so badly lately that the modifications I've made to my bollinger bands make the chart look a little odd. There are two very positive rumors on this stock right now and one would be good while the other, if true, would be the biggest thing to ever happen to this company. I believe Maddsen will let the cat out of the bag early next week. Any good news may have some small cap institutions re-enter the stock. And lastly, the short interest was about 5 1/2 days short at the end of April. I'm betting it's gotten bigger, not smaller so far this month. Short Squeeze should occur around the 7 7/8 level if my mathemetics are correct. And they usually are. So the bottom line is that any number of combinations are possible at this point that would really get this stock moving. I believe the short term risk can now be counted to the moving average divergence figure of 5 1/2. A risk I'm willing to take to find out what the news ends up being. Good Luck!!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next