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.

Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (27992)	8/3/1999 8:53:00 PM
From: ZOOB	Read Replies (1) \| Respond to of 41369

Institutional buying at bargain prices????

To: Boplicity who wrote (27992)	8/4/1999 9:53:00 AM
From: Steve Robinett	Read Replies (1) \| Respond to of 41369

Greg, You comment that It's been the vol. that has bothered me along with this drop I assume you mean the low volume. First, as I'm sure you know, no one ever said you couldn't get killed on low volume. Second, I read the low volume as the momentum morons (whose ranks sometimes include me) stepping aside because the stock had ceased to go up. You ask, If we were to get this kind of vol. after the kind of downward movement we have been getting, and the stock closed unchanged, how would you classify that action? Again, I'll assume your question was what a selling climax might look like. Most TA types would consider high volume on a down move but with a positive close as a selling climax, especially after increasing downside momentum. As far as my own opinion is concerned, it seems to me that stocks spend more of their time going either up or down and very little time changing direction, either at the top or bottom. Why try to call a small fraction of a stocks activity (the turn), when you can get better odds of success by waiting for a trend to be established then hopping on the band wagon? If the situation's too murky, then no trade's the best trade. Best, --Steve