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Technology Stocks : MTIC - Is this the next EMC? -- Ignore unavailable to you. Want to Upgrade?


To: gmccon who wrote (3675)4/6/2000 11:14:00 PM
From: BostonView  Read Replies (1) | Respond to of 3748
 
Hey Greg,

When I first found Thompson I thought, "wow, cool!" Unfortunately, it turns out to be a very limited and sometimes misleading tool. As often as not, the price of XYZ will rise steadily during the day against a sea of red. Why is that?

Selling/Buying "interest" messages (the soft shades) can show real intent, but I believe they are also used to mislead, or at least, test the underlying strength of any given security, particularly the less liquid.

The super buys/sells are concrete orders, so no fudging there.

To tell you the truth, about nine months ago I started using it as a contrary indicator for some trades. Made some decent money using it. Past results are no guarantee...

BV