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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Sal D who wrote (17710)12/3/1999 9:26:00 PM
From: Ken W  Respond to of 29382
 
Joe,

I REALy like the trend on your stock and have discussed it with my partner (mi amigo grande) and we both like the chart. I have an order in just above 3 for the retest. I don't think it is too unusual for the volume to dry up a little prior to a run. There has to be a reason that the volume was so large the other day causing the cross over.

Case in point, NANX traded only 24k shares the day before the move to over 5 with a shakeout down to 3 5/8 the day of the release, however the signal was 4 days prior when the stock traded 70k shares up from 14k the day before.

Ken



To: Sal D who wrote (17710)12/3/1999 9:44:00 PM
From: Ken W  Read Replies (1) | Respond to of 29382
 
Joe,

Here is the reason that your stock REALy needs to go back to 3:

siliconinvestor.com

There is a little gap that needs to filled in at 3 before the stock can move back up. If she breaks 4 11/32 on some more volume then it is off to the races.

Ken