SI
SI
discoversearch

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.
Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (10107)11/11/1999 4:24:00 PM
From: StockHawk  Read Replies (1) | Respond to of 54805
 
>>I'm hoping Gemstar will finally break through the overhead resistance. <<

Hi Uncle, I am wondering about your meaning here.

In technical analysis terminology, as I understand it, "overhead resistance" refers to the difficulty of a stock to rise after it has fallen. The reason being that people who bought higher will sell as the stock moves up - since for many it is human nature to bail out on a loser once you can break even. A stock has overhead resistance until it reaches a new high - then it is in "blue sky" territory - and with no more overhead resistance, can run up unfettered (such as QCOM has). GMST broke to a new high closing high yesterday and an all time high. It exceeded those highs today. Thus no more resistance.

StockHawk



To: Uncle Frank who wrote (10107)11/11/1999 4:53:00 PM
From: Sunny  Read Replies (1) | Respond to of 54805
 
Is this a great thread or what?, I have gotten rid of all my shiny pebbles (except 1) and firmly in the saddle with id'd Gorilla's and candidates, also down from 12 to 5 stocks! I understand the emotion of pinching yourself to see if you are actually seeing what is happening.

In my wildest imagination I could not foresee a company with the market cap of QCOM ripping the top out of itself over and over and over again.

Good Luck to each and all!

Sunny


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News