Bridges.com (T.BIT) 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.

Gold/Mining/Energy : Bridges.com (T.BIT)

BIT 13.11

-0.7%

Nov 14 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LABMAN who wrote (355)	2/27/1999 8:24:00 AM
From: David Michaud	Read Replies (3) of 1249

Looked at BIT today and it certainly is a good sign that it is bucking the general trend. The technical analysis is generally very bullish and I would not even think about selling the stock at this point. The trading today was on a very bullish white candle and it had lots of volume pushing it out - the action is just starting in my opinion. Another positive point is that the action today was a strong confirmation of the very bullish Harami line pattern over the previous three days - this trading today settle it all - BIT is on it's way to much higher prices. I also like the very strong base the stock has built over the last six weeks in the 2- 2.20 range - this is important, as big moves require a large base to launch off - BIT has all of that. Another very bullish point is that the trading today was on a very nice gap up - another bullish continuation signal. As long as prices do not enter or fill the gap, the bullish trend is in good shape. You may see the stock stall slightly at the old high of 2.50 or so, but this will not be more then a session or two and the uptrend will carry on. I'm betting that BIT will move right out on Monday to 2.60 plus - this is a very powerful move that is just starting - don't rush to bail out. As to how high this thing can go - who knows! I can give you some idea: 1. The measured move for this run is --- correction at $3.30 -- top at $4.25 - where it might consolidated for a lengthy period again. 2. The Japanese believe that gaps can be a key - - if a gap is not fillied in 3 trading days, the move has the power to go 13 more trading days in the direction of the gap . BIT is looking very bullish and I would sit back and wait for this move to develop. Sadie ----- reprint from StockHouse.com ______________________________________________________________ LM, knowing now that BIT still has $650K in carry forward tax loss... 1999 EPS of $0.30 is definitely achievable. We're doing go. Later DM

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next