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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.04

-0.3%

3:59 PM EST

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To: sepku who wrote (12701)	2/27/1998 1:04:00 AM
From: Gerald Walls	Read Replies (1) of 77400

Second...you misunderstood what I meant, so you must also have a misunderstanding of what dma's are all about in TA. The dma trendline identifies the "trend" using the average price at which a stock exchanged hands within its timeframe of reference. The theory behind it centers around market psychology Much totally unrelated and irrelevant yada yada deleted. You said in message Message 3515322 "ASND had a positive close above the 200dma for the first time in a year...so even those who held shares from 200 days ago and never picked up any more in the bargain bin, are now making money." (emphasis mine, ellipsis in original) I really don't care what type of moving average you're talking about and I don't care if it's a bullish technical indicator. That doesn't change the cold, hard fact that someone who bought the stock 200 trading days ago and never picked up any more in the bargain bin is down 14 (beginning of May) or 24 (end of May) points while you say they are making money. As part of your defense of this proven incorrect statement, you make this assertion: Over the course of 200 days, a stock may break +/- through its trendline, so a person COULD buy a stock 200 days ago and still be underwater, while another bought that same day and is now making money because he bought lower on the range. Besides, my point of the significance of the 200dma has little to do with whether the investor bought 200 days ago, or last week. My point is the psychological support of the stock. The only way someone who bought 200 trading days ago and never picked up any more in the bargain bin could possibly be above water at this point is if the low for the day was more than 14 (beginning of May) or 24 (end of May) points below the close. And your message most certainly made the incorrect bald assertion that I quote for you again: "ASND had a positive close above the 200dma for the first time in a year...so even those who held shares from 200 days ago and never picked up any more in the bargain bin, are now making money." This statement has nothing to do with the psychological support of the stock. The rest of your post is a condescending attempt to cloud the issue.

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