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.

Biotech / Medical : VISX -- Ignore unavailable to you. Want to Upgrade?

To: Bretsky who wrote (1357)	10/29/1999 11:25:00 AM
From: md1derful	Respond to of 1754

Brewsky: Not sure how low..not looking pretty at all..we are in an area of (as Gary Smith of tsc calls it) of "congestion" which suggests there should be some support here..look for an intraday reversal on great volume..today would be nice..that will be your bottom..but recall we are still in a downtrend, and a nasty one at that..hopefully fundamentals will rescue us sooner or later!! Good luck doc

To: Bretsky who wrote (1357)	10/29/1999 1:21:00 PM
From: StockHawk	Read Replies (1) \| Respond to of 1754

>>ANY VIEWS ON HOW MUCH LOWER WE COULD GO WOULD BE APPRECIATED<< Visx has fallen to it 200 day moving average (which today is about 67 3/4). For high growth stocks in corrections, the 200 day sometimes acts as support for a bottom. It that is true, then this would be a buying opportunity. On the other hand, if it falls significantly below the 200 day things could get uglier. Clearly, the stock has not been acting well lately, it shows higher volume on down days than on up days which indicates selling pressure. And even when the market is in rally mode, it trades down. Keep in mind however that even the best tech stock often go through severe corrections of 40 to 50%. Most of the time, if the fundamentals have not changed significantly, they come back. Often quite quickly. StockHawk