Signal Technology (now STCO)- a classic turnaround 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 : Signal Technology (now STCO)- a classic turnaround

STCO 0.0001000

0.0%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Lee who wrote ()	2/3/1998 11:23:00 PM
From: Paul Lee	Read Replies (1) of 191

Look what found me STOCK INVESTOR TRADING, DAILY REPORT, tm ______________________________2-03-98___________________________ DAILY COMMENTARY David A. Barney What a market! Here we are on the brink of war with a president that is surrounded by scandal and stocks are soaring. There are no technical signs that this market is headed lower, in fact the Dow should make new highs within days. Every trader I have spoken with over the last few days is just amazed at how strong the market has been in the face of such adversity. Virtually all of them have the same answer when asked about stock prices in the short term, "shut up and buy"! ________________****WEDNESDAY'S SELECTIONS**________________ 2.LONG: Signal Tec (STZ) enter at 7 or lower open Stop Loss: 5 1/8 Objective: 14 **************************************************************** OK, for those of you always getting after me to select a small stock, here you go. I have been tracking this one for many months and waiting for some Volume to come back to it before buying. The Volume has begun to surge over the last few days and the stock has broken out above the upper Bollinger band. Keep in mind this is a very thin stock and that you can get trapped into a position if you are not careful, but I suspect there is something going on with this stock, based on the momentum indicators and Volume pattern. It is typical for Volume to surge and prices to rise in anticipation of some positive news. Keep in mind this is like reading palms and there is no guarantee anything will happen. It is a speculative trade based on a chart pattern that suggests that something may be going on with the company. Enter at your own risk, but look it over, because the pattern is very strong. I would build a position slowly over the next few days and be on the lookout for some news. Why news? Volume that's why? Here is a stock that has done nothing for months and now it's coming to life with no news on heavy Volume, makes me wonder what's up?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next