Morning Ghunk,
First of all, if I may. Just because I feel/beleive or offer an opinion
that the stock is going down does not necessarily mean it is negative.
Stocks fall all the time and go back up. Remember this, the higher the
price of the stock and the shorter period of time that it does it the
more volitale it will be. T/As don't lie but they always stand to be
corrected. They are based on the action of the stock, not news. News can
change the whole complextion of the T/As if it is fact and or rumor. The
T/As look at the internals of the stock, not the company or news. News
effects the movement of the stock and the T/As show what the response is.
Coming or going. Up until the end of 98, I was a story holder and not a
trader. Sat through the ups and downs. Always waited for the expected,
got a deal, signed, sealed, and delivered. Well guess what. It never happend.
Now I trade and save. Since the beginning of 99 I am making money, profit and
work it back into the system. I have a program that informs me, gives me
info that you can't get in forums. It makes money for me and saves me
money. If the program is telling me that SYD is running on blue octane,
why would I buy it when it has a history of falling on blue. Unless news
comes out when it is on blue that is a plus then blue means nothing. But in
99% of the times, news doesn't come out to support the price. Therefore, blue
wins. The program is right. Price falls and then you make a choice of whether
to buy or sell. In My case, I'm not looking to sell, but to buy. I don't want
to buy inflated price on maybees. I want to buy when the program says, hay, this
is a good priced based on the action. You factor in the fundamentals.
The program doen't care if you are white, black, pink or purple. It has no personal
feelings and could care less what political party you belong to. It doesn't
even care if I talked to the Pres., CEO or God. It only looks at the action.
Forgetting for one moment your feeling about SYD. Forget you own it. Look at
the inside picture of what the stock is doing. That is what the program does.
You can't do it when you are on the outside looking in and saying, " what the
hell is going on, why is the stock falling or rising". The program tells you
that. It tells you if folks are coming in or getting out. That is what
determines what happens to the share price. Rumors and news is what drives it.
I'm not negative on the stock. I do have concerns that this is moving on
maybees. On what might be not is bees. I get concerned when a rep. from the
company is re-enforcing a 20.00 move on maybees and not on is bees. I've been
there, done it. NPA is a prime example of Maybees. Do you see it listed today.
Granted SYD is not an NPA but I see Agora backing up post that this will hit
20.00. I didn't see that at the open house last night. Yes it has the
potential to go there but you need contracts, signed deals to get it there.
None of that has happend. It will I'm sure. But it still remains to be seen.
The charts say, it is strong but as of today it is now on blue octane. That to
me means gas and gas only. This stock responds to blue. It doesn't like blue.
It is a techy. Blue scare folks. Folks sell on blue. This stock also has a
reputation of filling in the gaps without news. Even with news it fills gaps.
There are alot of gaps to be filled. Some of those are in the 1.50-160
level. What I post here is not intended to be negative, just informative.
You can all take it or leave it. Interpret it anyway you want. I just post
my views and opinions. They are worth nothing unless you can use them and make
or save money or dosen't apply.
Remember, T/As and fundamentals can change in a hart beat. Everything is
subject to change, whether it be good or bad. SYD is no exception. I see
folks posting here that SYD is going to be listed on the NASDQ. Maybe but
this stock has to maintain a certain level of price and it has to maintain
that for 3 months. IHI has been trying to do that now for 2 years. You can
move the price up of a stock but you can't hold it there without signed
deals. Syd dosn't have any and neither does IHI and this is what disturbs me
with the current price increase with Syd. Sure I like the move but I'm not
selling but I am looking to buy. As I said to the folks last night, I'll
buy when I think the price is right. Will it get to the 1.50-160 level,
hard to say. After talking to the folks last night, probably not. Will it
get below the 2.57 level, probably yes. I feel sorry to the guy that was
told last night that the stock was going to 3.00 today. But then I personally
didn't like the looks of the fellow to start with. Will it go to 3. Yes, and
I beleive soon. The charts will tell you that.
What this company needs is a deal, signed. Once that happens you won't be able
to get your buys in fast enough.;-))))) It is appearent that IBM is the key here.
Folks are waiting to see what developes and what the outcome is going to be.
So Ghunk, I am not negative but cautious. The charts are saying it is going to
take a hit. They are on blue as of today. They have been on red since the last
time we exchanged. Without news, this could fall a full point and that is where
I am coming from. I have a problem when folks get out there and post 20 when there
is no basis just to boost support.
One more example if I may. Followed FTET. No news. Charts indicated that this had
the potential to be hot. Did the whole diagnostics. Convinced that this was the next
hot spot. Skeptical about the price but bought anyway. Now remember, buying the program.
If your not going to beleive in it then don't use it. So bought what the program said.
Bought in at 90. Closed at 2.01 Thur. Close today at 1.84. Charts say it will move to the
upside next week and probably break through the 3 level and I can do the same with MIQ.
I own that also. Charts indicated it was a buy @ 11 US. and sold part of my position
@ 25C. and I can go on and on and on.
Ghunk, I am not negative on the stock or the company. My T/As are not negative but positive
but the stock will take a hit. The charts indicate that. That does not mean that it is neg.
Just tell you what the direction of the stock will take. Gotta go,post yea later.
Ron
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