Market Gems:Stocks w/Strong Earnings and High Tech. Rank 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 : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Edward F.Fokken who wrote (8474)	4/24/1998 6:41:00 PM
From: Jenna	Read Replies (3) of 120523

MYG..I'm holding the May as well. Stochastics indicate stock is OVERSOLD. I'm pretty sure that MYG will reverse. This is just a technical imbalance due to the run up in the stock. The relative strength is BULLISH. As for now it's obvious that MYG is under Distribution. But let me clarify something. When a stock 'corrects' there is such a thing as a healthy correction and you must separate it from an underlying problem. When a stock has run up before earnings and it subsequently 'beat the street' then the correction is just a technical healthy correction. There is no problem in MYG. It might have been OVERBOUGHT when I bought the options. May expiration is still a ways off. I had no intention of selling the options at a loss. Give it a while.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next