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 : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: ynot who wrote (1679)	7/8/1999 1:49:00 PM
From: TraderAlan	Read Replies (1) \| Respond to of 18137

ynot, <i'm not sure that TA helps in calling this one> But you shorted the stock because of TA. Your comment in another thread was that 50 was a strong resistance number. Whole number resistance (and momentum) are pure TA issues. Alan

To: ynot who wrote (1679)	7/8/1999 2:22:00 PM
From: Tai Jin	Read Replies (1) \| Respond to of 18137

I guess MCOM could be a wireless play, although they are also an ISP. I don't think the fundamentals provide a good reason to buy the stock since it continues to lose money and is not widely deployed. The deployment of their infrastructure will be costly. But right now MCOM is not a sympathy play to either wireless or internet. It is currently being (over)run by momentum traders based on news (and greed). ...tai

To: ynot who wrote (1679)	7/8/1999 4:38:00 PM
From: Paul Viapiano	Read Replies (1) \| Respond to of 18137

<<<i don't want to bore folks with this banter but would appreciate any aids or tools to assist evaluating 'bursts' like MAIL EDGR KOOP NEON MCOM>>> ynot....I beg to differ...NEON has nothing in common with the rest of the stocks you mentioned as "bursts"... A slow steady ramp upward since last October is what the chart looks like until it hit the wall in the 70s.... It's pattern until then was what you look for in a growth stock...buy strong stocks on pullbacks to the 21 or 50 DMA. Paul PS...sorry...no more specific stock talk on this thread...

To: ynot who wrote (1679)	7/8/1999 8:30:00 PM
From: Raymond Duray	Read Replies (3) \| Respond to of 18137

Re: A charting tool that is new to me, Barcharts.com: Hello ynot (my sentiments exactly!), And apologies to Paul V., Though I am using MCOM as an example here, I have no interest in discussing it as an investment vehicle. Rather, what I am hoping for from this illustrious panel is a little discussion of a web-based charting tool that I was introduced to last week: equities.barchart.com Not having used this Barchart.com service before, I have no idea how they generate their TrendSpotter (TM), nor the algorithms used to establish the buy/hold/sell decision on the other indicators. Some of the other companies I have entered into the 'opinion' mill seem to be quite accurately depicted. The rating of MCOM, which had the same rating last Thursday, stands out as either an incredibly good call, or an invitation to disaster for latecomers as the stock comes back to earth. Does anyone have a historical record of the accuracy of the Barchart opinions? Does anyone have an opinion as to the usefulness of such a tool? To my simple mind, it seems that it is useful in that it can quickly provide a picture of market sentiment regarding any particular issue, but that all we are working with are rear-view mirror artifacts with questionable predictive power. Any other skeptics or believers out there in the ethersphere who care to chime in? Best, Ray