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.

Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Call Me Krazy who wrote (15409)	11/21/1999 5:39:00 PM
From: Kevin Shea	Respond to of 57584

CMK .... I usually do not like to put too much credence in TA following a sudden drop like the one in KSWS because it places a significant distortion to the data... I have never felt that the TA that I use can effectively be used to make decisions on DCBs...That said... KSWS has been seriously beaten down back to 98 lows ... so the current price is at support... General trend is still down (which means that you should only enter for a trade)... the daily suggests some support (but as I said, it is distorted)prices remain above the 20dMA (which I would use for support)about 13...60min (used for entry) shows a positive break Friday AM, which quickly become overbought...support is weak positive....there is no strong signal suggesting future direction. Hard to say how to entered I would set a stop at 13.25 or so... If I played this I would likely look for a move into the 19 -20 range at the first trendline, set my stops and look to see if I get to 24-25 or so (the 20dMA trendline)... the weekly suggests that I would revisit a new low.... KSWS was pummeled when news was leaked about great earnings. The street killed them because they could keep their mouths shut..Maybe the lesson is over <g> Good luck EDIT: just read that KSWS is doing a buy back... so they are likely supporting the bottom here... likely low risk as a result. EDIT EDIT ... KSWS has 2.7M float, and 1.0M short(down from 1.9M in sept!!!!!)