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.
Technology Stocks : WCOM
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: el paradisio who wrote (10791)6/25/2002 7:10:12 PM
From: tejek   of 11568
 
There is a big difference in the chart pattern between WCOM and FONR...FONR was slowly dropping to retest the double bottom from the beginning of 2000,WCOM is just a sharp line down without any visible support.
I was dreaming about the next support at 1,but it looks like a history now.

There are big differences in the two charts but that isn't necessarily bad. There are many different ways for a stock to bottom. One of them is to have a capitulated drop and then do a retest after that. WCOM has tried that already but the retest failed and so it must do the whole thing again. First, find a new low and then do a retest of that low.

Since we know the new low will be $.79 or lower, the nice thing is its very likely the next retest will succeed. ;~((

ted

EDIT. Forget that last comment re the stock not having far to drop.......when fraud is involved anything is possible.
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