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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Duncan who wrote (1465)	8/21/1999 10:50:00 AM
From: Vendit™	Respond to of 19374

Hi Glenn I made my entry on Weds the 18th and if you look at the MACD in the chart below you will see this is just as the buy signal was happening. Typically what should happen in the days following that signal would be for the red bars to grow shorter each day and eventually pop to the top side of the 0 neutral line. While this is happening the price of the shock will typically keep rising on this indicated momentum. askresearch.com It may very well be due to Friday's options expiry but you will noticed the signal has stayed flat and the price has dropped from my entry point of $41. Thus my meaning of the word "trapped". Don't get me wrong, I think ATHM is a good stock to own and there is no doubt in my mind that ATHM will trade much higher then it is today but in the mean time my money is trapped there until the price rises high enough for me to exit and hopefully with a nice profit. I also bought CSCO. Look at the difference in how the signals look. askresearch.com The angle of the stochastics lines are also shallow which shows the pressure to move the stock up at this time is not very large. The buy signal is still in place but I might have to wait a few weeks for it to recycle before I will generate a profit in ATHM. My hope is that Fridays options expiration is the root cause of this weak signal and that momentum will return on Monday. If only I could have a 1000 batting average I would always have a smile on my face. The bottom line is that if you don't mind going long and holding for a few weeks or even months then ATHM is a great buy at this time. If you are looking to turn a fast profit I believe there are better opportunities available at the moment. Vendit Ps: If all goes well time wise I will comb through my resources and post some interesting charts that could be considered as a Monday buy.

To: Glenn Duncan who wrote (1465)	8/21/1999 11:22:00 AM
From: Vendit™	Read Replies (1) \| Respond to of 19374

Another way to look at both of these stocks and try to determine where they are technically is with bollinger bands and candle reading. 216.32.224.100 In ATHM's chart you will notice that it has slipped below the middle support line so there is a better then 50/50 chance that it will gravitate to the lower line before it can restart an up move. This gives ATHM a lower target of about $32. The candle formed Friday is called a spinning top and suggests that investors are undecided whether to buy, hold or sell. Monday will set the direction. 216.32.224.100 CSCO's chart paints a rosier picture but we have to keep in mind that CSCO is not a stock that pops up 5 or 10 points a day so its move will be slower. The stocks price is solidly above the center support line so it should head towards the upper line in the coming days. $65 will be touching the line but the shape and angle of the bands suggest a renewed uptrend is coming with this move. A healthy market will untimately rule whatever the outcome is.