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.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (51931)	9/27/1999 1:54:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 95453

Slider--My tea leaves told me recently when I first looked at MDR's chart, after you mentioned it, that it needed to put in one last new low for the waves to balance out.Since 19.25 was the old low, I simply said to myself 'ok we need 19.25 or lower'--there is nothing in EW to say that the final wave down can't be a 'failure' ie fail to print that last new low. it is just that I for one will not be buying unless and until it at least touches 19.25--the 17.50ish is where momentum may take it and is of course not cast in stone----what do I know, I'm losing on RRC so far!---btw this is going to sound awfully naive but who exactly is Stanley Druck..? I have heard his name before but can't place his mutual fund.-----today's rally in the market is anaemic with poor breadth and lacklustre volume and is therefore suspect so far

To: SliderOnTheBlack who wrote (51931)	9/27/1999 2:29:00 PM
From: stevedhu	Respond to of 95453

Slider, someone like's GLBL, they just bought 500 Oct 7 1/2 calls at 1 1/16, when the bid was 7/8 and ask 1 1/8. Take Care Steve

To: SliderOnTheBlack who wrote (51931)	9/27/1999 2:59:00 PM
From: Gary Burton	Read Replies (3) \| Respond to of 95453

Slider---MDR's low in 1991 was 15.25..Then it did one giant A-B-C up to 44 peak in 1998--along the way, it hit a low of 15.38 in 1995 and 16.00 in 1997------From that 44ish peak in 1998, it then looks like it wants to do another giant A-B-C back down and that the A of that ended at 19.25 twice in 98 and 99 and then a B back up went to 32.50 in May99 and from there we are still in the midst of C. So, it is certainly feasible that we could see the 17.50 area on this move,although maybe not in a straight line.