Stock Swap 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 : Stock Swap

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Andrew Vance who wrote (14911)	7/18/1998 10:42:00 AM
From: Judy	Read Replies (5) of 17305

Andrew and Larry, Just saw your exchanges on UTEK. May I suggest the use of technicals to sharpen entry/exit points for very short-term trades ... As for UTEK, the 5/13/20/50-day emas have all converged at 20ish and the 200-day ema is at about 22 1/2. What this means in lay terms is that momentum emas (5 and 13) and support emas (20 and 50) are the same hence there is no momentum, just support .. so proper entry is at 20ish. Do NOT touch if that is violated. The 200-day ema at 22 1/2 is a biggie for beaten stocks in sectors out of favor, although in a market where liquidity is abound and value buyers are lurking, stocks such as UTEK tend to seek that level but will find real resistance. Hence, the max short-term profit point should be 22ish ... an exit point, not a buy point. Caveat ... sector or stock-specific news could perturb the stock's behavior short-term. Andrew, I'll revisit your AMAT antics for the week in my next post.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next