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Technology Stocks : Gemstar Intl (GMST) -- Ignore unavailable to you. Want to Upgrade?

To: scott who wrote (2019)	2/16/2000 8:34:00 AM
From: Jeff Bond	Respond to of 6516

FINALLY IN!!! BOT @ $67 7/8 BOT @ $74 1/8 Paid more than I wanted, but ... I got more than I could have if I'd bought earlier, based on other holdings correcting. I'm pleased, but feeling little late to the party. 1. GMST showed up on Jenna's Market Gems daily watch list last night, this is going to bring momo buyers back in. THis coincides well with technicals. 2. GMST MACD all the way down from 4.82 on 1.20.00 to -0.75 on 2.10.00, so with the correction all previous momentum buying issues are moot. 3. MACD crossed 2.14.00, both MACD & trigger are under 0. This is CLASSIC condition for another EXTENDED run to new highs. 4. TRIX reversed on 2.14.00, and is also under 0. Another GREAT technical indication that the stock is due for another extended run. TRIX is a slow to change indicator, and is interpreted to be signifigant when making a reversal, especially a sharp one like it has made, and especially when under 0. 5. Accumulation/distribution looks like the most telling long-term confirmation. It really jumped up 3.30.99, and has steadily receded until 2.11.00 when it bottomed, reversing the trend. Almost a year to wash away the first stage of accumulation, and a VERY GOOD sign going forward. I'm posting the definition for Accumulation/Distribution indicator, it is a strong and reliable long-term indicator. >>Accumulation/Distribution is best used as a confirmation indicator. A 'breakout' is said to have occurred when Accumulation/Distribution changes from one type of trend to another. It is breakouts that decide buying and selling points. Consider buying long when the Accumulation/Distribution 'breaks' from a falling trend to a rising trend. Consider selling short or liquidating a long position when a rising trend changes to a falling trend.<< 6. 10-day ma came all the way down to the 50-day ma, suggesting short-term advancement has been addressed, so long-term movement can begin again. Last time stock saw this condition was 9.20.99, so a quick look at that period should provide a glimpse of what is to come. Ditto to comment regarding NY Stew's input, very solid, very seful, very much appreciated. Who needs an analyst community, when one custom built comes with the thread, and goes by the name "NY Stew" :o) Regards, JB P.S. Price prediction $130 within 6 months, maybe less.