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Strategies & Market Trends : ahhaha's ahs

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To: Frank A. Coluccio who wrote (1648)	3/28/2001 12:39:25 AM
From: ahhaha	Read Replies (1) of 24758

I'm sure this isn't the trend you mean, but it contains the same information. AOL, ELNK, ATHM, et al all formed bottoms in December. AOL has a nice upside down H&S pattern across the last six months as does ELNK, but ELNK's is stronger with a neckline pointing more steeply upward. ATHM has to settle for a double bottom with a neckline pointing down. ELNK has the classical bull market action with corrections down to the uptrend line regularly. There isn't a lot of strong belief in the stock, but the market is sniffing out the improving circumstances at the margin anyway. I guess you mean that Att will have to offer ELNK in order to entice more users on their last mile. Those that have @Home can keep it if they wish, but there is no more implied protection. It may be that @Home gets to 3 million subs and then gradually loses them through totally incompetent management. They could have gone in so many constructive ways, but instead they went the way of Silicon Quiche. The ISP group of stocks points out another interesting fact. Many stocks have already bottomed and others have yet to do so. Meanwhile the foolerrati are looking desperately for THE bottom. While they vainly do so individual stocks leave them behind. Probably there will be a consensus of bottoms when a lot of them happen to jiggle together upward at once. Then the foolerrati can claim that they have identified the bottom at last and take their place with those who have located THE recession. None of this serves the purpose of money making, but many of those bottom picking people make a lot of money for having accomplished nothing. They would be quite welcome at @Home or any of the other companies eating Silicon Quiche.

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