To: Stock Watcher who wrote (19830 ) 11/24/1999 10:20:00 AM From: OLD JAKE JUSTUS Read Replies (1) | Respond to of 52051
ADSX: A REPORT FROM YAHOO MAY EXPLAIN THE NEGATIVE RESPONSE OF JUST A FEW TRADERS AND INVESTORS [ADSX] jakejautus [206.155.220.151] badassjake@hotmail.com 0 Repost From Yahoo: Technically speaking ADSX stock is making all the right moves for realization of further upside. Although watching the daily price movement, volume, and other indicators is important for entry and exit points, the further upside I think will occur, the real story I'm interested in technically as both a short term trader and long investor in ADSX, can easily be seen if one will reference weekly (chart) activity vs. daily (chart)activity. When referencing the weekly chart my eyes go first directly to a very most important time period, May and June. Within those months there occurred accumulation over a seven week period which formed a very important base for the future price buildup we are witnessing as we speak now, and which many have have taken advantage of since October. Now one may argue - but there was the typical sell off following that 7 week accumulation. My retort is the selling which followed was not typical at all. First, note the above average volume of the seven week accumulation. Next note the low volume during the sell off period. Further note the money flow was positive for the combined periods. Next my eyes go to the price channel of the seven week accumulation period. Now make note of this very important following fact. ADSX stock traded in that price channel which had little variation until just last week. The use of a Bollinger Band will help you see the price cahnnel I reference. Last my eyes go to last week. This was the week I was waiting for. The price of ADSX stock broke out significantly from and above that price channel. This could mean the stock is now just beginning its move up to its' new, longer term price target. One could argue - hey, that's a pretty rosey scenario you're painting for the future but that ain't necessarily so. I have no retort to that argument. Why? Because we are now in a week which will either cofirm more upside to a much higher price, which I do think is inevitable based on what I see happening daily thus far, or a price breakdown and reversal. Based on this company's current fundamental information and all other information available up to my post time, combined with the very strong technical performance thus far, I think ADSX, and we as its' shareholders, have a very rosey future indeed. Now what is happening technically so far this week? This is what I think. Yesterday we gapped up on exceptional above average volume. It was a very exciting day. The accumulation, as it has been, was obviously excellent. Early and almost immediately today ADSX hit its' correction point. That is, any price above 4.4375 made ADSX stock a prime candidate for a 10% to 15% price consolidation. It's what I personally expected to happen. But, I must admit, I did not expect it to happen in one fell swoop as it did. I expected to see it happen over several days while maintaining an upward bias. The fact the stock immediately and strongly traded back up and then settled in with very strong support at 4 makes me think the worst of the correction is over. I think further confirmation of my thoughts can be seen in today's after market trading. I am not saying ADSX price will now race upwards. It would be more typical to see the stock's price base for sevearal days within its' current range, possibly dipping below 4 again. But it would not surprise me to see it continue to notch up as it did within its' last price channel, only taking minimal time to regain its' momentum. The market will let us know shortly. I recently raised my short term price target to $5 - $7, and my 6 to 12 month target to $10. Today those targets remain the same. However, after this week's results are in I optimistically expect to raise those price targets accordingly. The continued negative remarks, game playing, and personal attacks on legitimate traders and investors who post on this message board by (what appears to be) a very few individuals who bonded together on this message board over the past 18 months doesn't surprise me. I believe as many of you do they are disgruntled previous traders of, or investors in, ADSX stock who previously got it wrong and who continue their losing ways. Continued good luck and good evening to you all.