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 : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (24955)	1/28/2000 10:46:00 PM
From: Suresh	Read Replies (1) \| Respond to of 68226

Harry, I agree with the observation.... but so many stocks are sitting close to their 50DMA.... I can't think of MM's just pushing everything lower in one sweep. Actually they will be able to accumulate more shares if they just show 33%+ retracement and then pushing it lower.Many technicians will jump over and sell once it starts coming down again.... Atleast that is how I am playing this market. BTW, what is the tax rate for short term gains in Canada ? Did you gain anything by selling QCOM's with the tax bite (ofcourse assuming that you want to buy back your position)? After comparing my taxes with a friend, I think it is worthless to sell if the entry price is right and story of the company is intact. Later, Suresh