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.

Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: Vegas who wrote (979)	1/21/2000 6:09:00 PM
From: M. Walton	Respond to of 48461

Vegas... remember: I am a novice at this, so Kevin and WJ may want to jump in and correct any misreads (Kevin and WJ - please discredit me on these things when necessary - I don't want to lead anyone the wrong way). OK... NETN looks like it has made a fairly strong run for itself based on the fact that the MACD had a crossover on January 5th which launched the stock higher. This run seems to reach its maximum momentum about 3 days ago and has since began to decline. The decline appears to coincide nicely with the stochastics as they moved well above the 80% mark at that time. While the stochastics are moving into a an acceptable zone, I would suggest that the stock has some further consolidation ahead of it. Looking at the volume, this too is starting to fade. Buying pressure was evident in late December (as well as volume increases), but it would seem now that the sellers are having their day. The last 3 days seem to have been ruled by the sellers, again echoing the momentum shift in this stock. I would also point out that the MACD crossover should have indicated a slight upward trend in the making, but it may have been fueled by the fact that the company came out with good earnings in the midst of the initial uptrend. This may have resulted in a bigger 'bang' in the uptrend than expected: clearstation.com Based on what I can see, the stock will probably find its support level in the next few days, but I don't personally see a great buying opportunity at this time. Just my novice TA opinion with absolutely no consideration given to company fundamentals or possibility of news. Murphy