CSGI ...READY FOR TAKE-OFF! Message Board

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Technology Stocks : CSGI ...READY FOR TAKE-OFF!

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To: tech who wrote (1877)	1/4/1998 11:01:00 AM
From: Trader X	Read Replies (2) of 3391

tech wrote: <<technically, it is pretty easy to call it from here. The upper bollinger is at 6 31/32 The Lower bollinger is at 3 3/8>> Bollinger bands are useless at predicting a bottom or reversal of trend. The only true use a Bollinger Band has is during sideways price movement, for trading in and out of a stock that's stuck in a trading range, which CSGI is NOT. I've seen tech use Bollinger bands before, maybe that's why he's zero for 3 on his technical calls on CSGI, and down 20 to 40% on each of them as well. As for major shareholders not letting the stock drop below $4... that's also nonsense. Insiders are the major shareholders and they have to register intent to buy with the SEC first. We would see that coming ahead of time. Also, the $4 price bottom for a NASD listing is moot, since SCGI is still has an NASD stock trading investigation open--unresolved--that will prevent them from getting a listing anyway. Result: $4 floor is not a factor. So much Bull spewing, so little time to counter it. -Kevin

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