TECD - Tech Data 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 : TECD - Tech Data

TECD 144.90

0.0%

Jun 30 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Judy Muldawer who wrote (31)	12/21/1996 9:32:00 AM
From: Herman J. Matos	of 584

Hi Judy, I never heard that rumor. I'm glad you shared that information. I'm long on the stock and think it has great potential in 1997. When TECD stock start hit the $36+ high it looked like it was approaching an overbrought state according to my Bollinger Bands chart reading. Being bullish, I started applying my bull tools and decided to write several covered calls to pick up some extra income. I picked up my shares in the twenties less than a month ago. Hey, I figured there would be a little profit taking back to the 20 day moving average level ($31+) before testing the high again. Instead, the selling appeared to increase all the way to the 50 day moving average level ($29-) before hitting that one day abyss to (25+). I had no doubt that TECD waved the red flag and was about to stage another wall street paradoxical event An 180 degree pivot in the opposite direction - up! Well, those Dec. contracts expired worthless. :-) Now, with the games over, the stock should do well in January. It's a bargain at this price level. Here we go again.... .

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next