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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: nitlyn who wrote (57428)1/5/2000 6:11:00 PM
From: Bryan  Read Replies (1) | Respond to of 108040
 
nitlyn,
I am still holding MSGI (now in core portfolio @ 12 3/4).
Message 12447829

I've been apprehensive to buy back the 50% that I sold just recently due to the extreme market conditions, but I must admit that it is holding its own in this turbulent environment.

FWIW: Saw fairly large interest to buy below $17 on Monday.
Message 12453164

Good luck... (I know your interest is more substantial than mine in MSGI). I hope it works out for you.

B



To: nitlyn who wrote (57428)1/5/2000 6:33:00 PM
From: stan s.  Respond to of 108040
 
MSGI, TIER, ASFT, hi Nitlyn, I don't often post charts anymore but in the case of MSGI, I am going to try and upload one later tonight and post the link. There are some interesting aspects to it and a couple of things I'm looking for. If I see 'em I'll be in.

I'll post later on TIER and ASFT as well.

Oh and don't worry, I get more input than I can handle but thanks!!!!

Stan



To: nitlyn who wrote (57428)1/5/2000 10:41:00 PM
From: stan s.  Read Replies (3) | Respond to of 108040
 
MSGI, hi Nitlyn, here's a chart. It's easy to see the symmetrical triangle or pennant pattern.
geocities.com

The reason I'm holding off a buy until I see a clear break on volume is because this pattern lacks the longer uptrend prior to the triangle that increases the odds
of a significant pop. This one still could go either way. The indecision that this pattern indicates usually breaks in the direction of the prior trend.

Look at the pennant pattern in the 2nd link below. Scroll down till you see the pennant pattern in a downtrend. MSGI still slightly favors this pattern. No reason to panic, just reason to watch.

It still does have nice pattern where the loops are getting smaller, higher bottoms, good indicators etc. so I'm optimistic but still noncommittal.

A strong break of 19 5/8 might do it but I'd prefer a volume break of 21 before I'd feel pretty good about a continued upward surge.

Here's an explanation .
chartpatterns.com
chartpatterns.com

Remember, ultimately this story will be told with fundamentals and news.

Stan