DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! Message Board

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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!!

DGIV 0.00

Dec 5 4:00 PM EST

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To: Brooke Geiger who wrote (3653)	5/6/1998 1:59:00 PM
From: dwlima	Read Replies (2) of 50264

my view on charts: charts account for a psychological factor in stocks (e.g., a ceiling or bottom at a specific mental price) and for the normal release of events that move the stock. for example, althought INTC has been hit due to lower earnings, the chart looks good at lower levels ($75 or so). why? because in the past (which is what we see with a chart), we see the stock bounce off of major drops. The chart contains all past actions, such as stock repurchases and other actions by management to bring the stock price up to a level where people can keep their jobs. Psychological limits and pasty management behavior, which do show up in charts, probably are best seen in charts of companies that have a track record. observing psychological limits on a stock that has exploded in appreciation is probably difficult if not impossible to do...as for past management actions, that is also very difficult in our case. my conclusion is that charts CAN be a very useful predictive tool, bt in our case, i personally do not think so. dwlima

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