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Technology Stocks : Pixar Animation

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To: Chris who wrote (1946)12/10/1998 9:54:00 AM
From: Francois H. Gaston  Read Replies (1) of 3261
 
T.A. of PIXR.... mmmhhh...
This is not a suggestion to buy this stock but one could consider entering a long position at this time because:
1. from a contrarian point of view, 3 downgrades have now done their damage
2. total gross is still climbing strongly while kids are still at home and parents busy shopping for Christmas
3. see this link for TA
member.aol.com
(a) stock hugging bottom of its Bollinger Bands ("oversold")
(b) trendline triangle and Spring 98 support could be favorable support
(c) OBV (on balance volume) continues to show accumulation
(d) NVI (Negative Volume Index) reflects what "smart investors" are doing: they appear to be buying now
(e) PVI (Positivie Volume Index) reflects what "dumb crowd" is doing: these "uneducated" investors have sold off....
Therefore, if and only if the stockmarket holds in general and if total gross continues to climb, PIXAR appears to be a good bet at this lower level...
Just a guess and just IMHO...
FHG
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