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Strategies & Market Trends : WELCOME TO THE CATHOUSE -- Ignore unavailable to you. Want to Upgrade?


To: Ken Reidy who wrote (248)9/22/1999 4:41:00 PM
From: bdog  Read Replies (1) | Respond to of 1065
 
Ugly as they come Ken, I must have bad data, I can't find the 30% gaporoonie...

bgaplessdog



To: Ken Reidy who wrote (248)9/22/1999 8:17:00 PM
From: ivan solotaroff  Read Replies (4) | Respond to of 1065
 
FEET

Ken,

This is an an old cat that's cost me plenty. Your post induced me to figure out why: Here're the gaps in the two-year chart:
bigcharts.com
You look for the volume spike, accompanied by a plunge in price, then fetch the daily logs:
chart.yahoo.com
You'll see this never quite cut the 30% requirement. It Este-gapped 25% on 8/13/98, and more importantly, gapped the same amount from close to open on 1/21-1/22/99. That's the first semi-i-i-i-qualification.
Now, look at the BIGG-G-G-G-G picture:
bigcharts.com
Look at the middle of '97. See the downturn and the huge volume spike. Nine times out of ten, that's the gap. Then you get the daily log:
chart.yahoo.com
When you find, lo and behold, that even that huge volume spike did not get this little creep into the House, then you know that this is really quite an untrustworthy little piece of garbage: Again, only 20.3%, on 8/20/97.
Then-n--n-n-n, you look at the LiTT-TT-TTLE picture:
bigcharts.com
And you see that this stock gapped again into its current lows, which means that, untrustworthy as it was to begin with, it's even more suspect now.
Then-n-n-n-n, as a last resort, you check out the news. Usually, it's just a big yawn about class-action suits and shareholder rights, that kind of crapola. But when you see this:
biz.yahoo.com
you take the cat by his filthy little ears into the kitchen, get a knife out, gut the thing, throw it out the window, and let it bounce on someone else's lawn.
I remember when someone, and I won't say who, brought me this "cat." There was a time when I used to take people's word for $hit. Now I know better, and I check everything twice.
It's late, and I'm having treatment for an old nervous disease, so don't mind me.

Ivan