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.

Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?

To: P314159d who wrote (34653)	11/16/1999 2:35:00 AM
From: Doug R	Read Replies (2) \| Respond to of 36349

P, I'll take MANU here since I'm closely familiar with the chart. MANU has the specific situation involving the recent gap down in Sept. as a consideration. In that case, the initial target comes off the low on 8/5 across the high of the day it gapped down. That target was reached on 11/2 and 11/3. An opportunity to trade out and buy back on the dip was seen. The situation now is one where a triple "top" at 14 1/2 was taken out today. This calls for a different targeting technique....one that results in a "static" rather than "dynamic" target. The lowest point during the period within which the triple top was established is $9. The distance from there to the resistance at 14 1/2 is 5 1/2 points. Add 5 1/2 to 14 1/2 and the relatively short term target is 20. On a weekly chart there is a definite inverted head and shoulders formation from 1/99 with a neckline that is about 11 points above the lowest price. The breakout of that formation at 15 1/4 will project an intermediate term target of 26ish. Considering that a followthrough of the short term breakout should lead to a breakout of the intermediate term profile, it would be reasonable to surmise that the intermediate term target will be achieved. Also, in cases of breakouts across different techniques, it is very often the case that the whole is greater than the sum of the parts so you can expect the intermediate term target to be reached sooner than would normally be expected. Once "26ish" has been reached, there would be a need for reassessment. Draw the line from the 5/4/99 low to the 9/7/99 high on SYBS ....target hit...walk away. Doug R

To: P314159d who wrote (34653)	11/16/1999 1:15:00 PM
From: BWAC	Read Replies (2) \| Respond to of 36349

For whatever reason, there are some huge trades going by on PAIR today. 13:05,16 1/16,100000 13:05,16 1/8,25000 13:03,16 1/16,25000 13:01,16,50000 12:55,16,25000 12:23,15 13/16,25000 12:17,15 3/4,25000 12:14,15 3/4,25000 11:21,16 3/8,25000 11:21,16 5/16,25000 11:19,16 3/8,50000 11:18,16 5/16,25000 11:18,16 7/16,25000 11:18,16 3/8,25000 11:16,16 5/16,69000 11:13,16 3/8,25000 11:12,16 1/4,20000 11:11,16 3/8,25000 10:45,16 5/16,25000 10:18,16 3/8,100000 10:18,16 1/2,25000 10:10,16 3/8,25000 10:09,16 3/8,20000 10:04,16 3/8,25000 10:03,16 1/4,20000 09:57,16 1/8,20000 09:55,16 1/4,25000 09:55,16 5/16,20000 09:48,16 1/4,25000 09:47,16 5/16,25000 09:47,16 3/16,50000 09:46,16 5/16,35000 09:43,16 1/16,25000