Charts With An Attitude; Trading In & Out 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.

Strategies & Market Trends : Charts With An Attitude; Trading In & Out

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Instock who wrote (3546)	11/10/1997 1:02:00 PM
From: James Strauss	Read Replies (1) of 4701

SGI... Double Bottom??? >>>Just my 2 cents on SGI. It looks to me like a possable turn around, but not quiet yet. If you are short term, I would short the stock. If you are long term, and you do not care if you might miss the near'er bottem, I would go long. Me, I would later short it now and watch it very closely. Watch the direction of the stock and the volume. You see something there that indicates a price turn upward, cover and go long. You make a bit as it is going down further, and you can buy MORE shares for the ride up. You get a lower price, plus your short profits equal MORE SHARES LONG.<<< *********************************** Instock: The 13.00 area is very interesting here... It is the point of a previous Spike Bottom... MoneyFlow is beginning to hint at positive readings... A bounce around 13.00 could confirm the double bottom... A break below this area could set up the short you're talking about... Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next