Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: flickerful who wrote (11109)	6/24/1999 5:23:00 PM
From: StkProfit$	Read Replies (1) \| Respond to of 52051

RE: MSTG. I'd say it's still a falling knife, but it should be at or nearing it's bottom. I base this loosely on the price achieved during it's last peak around $4 3/4 a share in January. It's a loose rule of thumb I use on spiking stocks that have been receding for awhile. If you're still bullish on it, you may want to pick up a couple shares here, and then buy more once a double bottom has been established. I do expect it to slide a bit more due to market conditions, and the fact that it hasn't put out any news to interest new buyers. Just my 2cents, -Mark