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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Ditchdigger who wrote (19170)3/11/2000 11:48:00 AM
From: Ken W  Read Replies (1) | Respond to of 29382
 
DD:

IP has one scary chart:

siliconinvestor.com

However, this DOW sell off has been way overdone. Here I thought that fund managers etc. knew what they were doing. This thing looks like a penny stock chart. All of the gap up and downs are indications of un decisive moves made by "investors" It does seem to be putting in a bottom near 36 though. Now, you have to wonder if Alex Brown is upgrading because they are long, having covered a short position or are they really bullish on the co. At any rate, a buy near 36 and sell near 45 looks good for a trade or two.

Ken