SI
SI
discoversearch

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.
Pastimes : Ask Mohan about the Market
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Stratajema who wrote (48)12/11/1996 7:59:00 PM
From: Cynic 2005   of 18056
 
David, I forgot to give by birdcast on the market for the remainder of the week. Here it is:

Thursday open will see tech-mania peaking. Intel going to $140 and Micron almost touching $40. Box makers will see a good opening. At about 2 PM there will be some cracks developing with some worries about seemingly insignificant news or rumors circulating about someting. Then comes a wave of selling. This selling will be so bad in tech sector that people will realize the meaning of "over bought" market. Intel will close down 6 points, a reversal of 10 points and Micron will close around $38. Dell, Compaq and Gateway all will close down from today's prices. Friday's forecast calls for increasing nervousness ahead of triple witching week and another "profit taking" sell off in the market.
The five day tech birdcast for the next week calls for a manic buying until Wednesday and then sell-off into Friday, the persiration day. Micron should briefly touch $43 after the earnings and people will come to senses to sell it off to where it is now.
Dow down 30 on Thursday and Down 20 on Friday of this week. The bird's eye view of DOW for next week is not very clear. When the visibility is clear, the bird shall speak.
Take these birdcasts in proper castings, please!
-Mohan
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News