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.

Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Paul Verderber who wrote (50608)	3/1/2000 10:01:00 AM
From: Steve Robinett	Read Replies (2) \| Respond to of 53903

--Paul You comment that I was mistaken on 2/28 to think that there was only a 15% of further upside at the time. Using a 4 year price change series, you're probably right. But stocks trade at the margin and recent prices are always more significant than antediluvian prices. I use a month's worth of prices and basic probability theory as a very rough guide to overbought or oversold conditions. Combined with the company fundamentals, I find the suggestions of probability helpful, though by no means cut in stone. For example, after yesterday's runup, there was less than a 1% probability of further upside yet MU opened up today, carryover enthusiasm from yesterday's runup. Best --Steve