"Whenever they showed up in force, Micron dropped like a rock in Lake Baikul. Others, more TA oriented, noted this long before I did. "
Michael, it is not a phenomenon unique to this thread. Last summer, before I had ever heard of you, I invented a proprietary technical indicator which I call the Mama Bear Shill Oscillator. It ranges from 1 to 100, and anything over 80 is a screaming short sale. The indicator upticks each time a long from a stock distribution scheme ventures onto a short seller's thread to crow about the rise in their favorite stock. More weight is given if there were no bashers posting on the longs thread. I was pleased to see it still works well, as a long from FIBR showed up on Mr. Pinks thread to brag that his stock was in the mid 20s. Only one short had been interested in his stock since it hit its low in 8/98. This occurred the day before it hit it's 52 week high of 28 and change. The stock is currently at 9 1/2, and was as low as 4 1/2 last week. Unfortunately, I didn't act on that MBSO reading. As with any technical indicator, the reading is more art than science, your mileage may vary, practice safe investing, use stops, etc, etc, etc.
Barb |
