maverick (MAVK) Message Board

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Gold/Mining/Energy : maverick (MAVK)

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To: Captain James T. Kirk who wrote (120)	3/20/1998 1:36:00 PM
From: Jon Tara	Read Replies (1) of 432

Youse candlestick people cut me up! One day we have a bullish engulfing pattern and the stock is going to the moon. The very next day we have a piercing dark cloud cover, and we are back to gloom and doom. :) MAVK looks like an extrodinary bargain here, and I have started nibbling at it. Given the size of my position currently, a couple of points of downside doesn't bother me. I think there is extrodinary upside here. Also added MDCO this morning, BTW, on the morning dip to 21 1/8. It had crossed-over on my technical indicator and was looking strong technically, and so I took advantage of the shakeout and managed to snag some at the bid. Initially a short-term play. You may have to wait a while for it to hit 18, IMO. BTW, these purchases are TA based. I use a MACD of the RSI on 1-hour and daily bars. MAVK cross-over positively on the 1-hour bars this morning. MDCO has crossed-over on both the 1-hour and daily bars. (I actually do look at candlesticks myself, but more for the entertainment value. :) I do like one of the Japansese techniques - that being 3-line break. I feel it's a great indicator for spotting basic trend changes.)

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