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Technology Stocks : Vari-L (VARL) -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (1382)	11/17/1999 4:43:00 PM
From: Robert Sheldon	Read Replies (3) \| Respond to of 2702

Churn, Churn, Churn . . . It sure is nice to see VARL close up on a generally negative day in the markets. Even more impressive that there are a whole lot of folks wandering around the hinterlands thinking that VARL will trade between $9 and $14 forever and are thus selling with reckless (if only they knew!) abandon at these levels. They have another thing coming. Have not these souls heard about earnings expansion in the face of valuation compression? The result will be a price explosion to the upside as we finally see a revaluation in these lovely VARL shares. This move is for real folks . . . glad to be a patient part of it.

To: Bosco who wrote (1382)	11/18/1999 5:42:00 AM
From: Allegoria	Read Replies (2) \| Respond to of 2702

Hi Bosco, My preference w.r.t. volume indicators is OBV. On-balance volume (OBV)is an indicator that is a running total of volume that reflects the accumulation or distribution of shares. Each day's volume is assigned a positive or negative value depending on whether prices closed higher or lower that day. A running total is kept by adding or subtracting the volume depending on the direction for the day. The resulting points are then plotted on a chart (fifteen days of tracking volume is probably a good start).Note that the direction of the OBV line is the thing to watch -- it will often confirm the underlying strength or weakness of a price trend. Also, an OBV line can signal a stock's peak by declining while a stock' s price is still on the rise (such a scenario indicates that big money is leaving the stock).Conversely, a rising OBV in the face of a declining price trend or an OBV that refuses to confirm a new stock reaction low could indicate that the smart money is moving in and a bottom may be at hand. Courtesy of II. Zig.