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To: Jeffry K. Smith who wrote (15415)4/20/2000 11:41:00 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 35685
 
some TA on EMLX Emulex: bouncing its bruised touchas

bounced hard off 36-37 last Monday, now 50+/-
got a big gap from 50-75 which you might capitalize on
if some updays, the stock price might jump suddenly upward into this gap

relative strength hit the oversold mark of 30 on Monday
money flow really has not yet improved this week
despite the improvement this week, its stochastic indicator is still slumpy, meaning it aint closing near daily highs

then you have Moving Avgs, and I like to look at 30day
the 30MA is diving down, now at 115
the 18MA, 30MA, and 50MA all look SCAREY
you aint gonna have ANY sustained rally until these stabilize
you WILL get a reflex rally if you are lucky very soon
but such a rally is likely to get snuffed by either 18MA (now 88) and for sure by 30MA (now 115)

so if you are looking for a quick profit, allow a rally to run up to either 18MA or 30MA
a few days from now, both MA's will be even lower

dont know much about the stock and its business
I recall last month, many brokerages raised maintenance reqmts on it to 100% for some reason
you are fishing for dead cat's here, Jeff
/ Jim



To: Jeffry K. Smith who wrote (15415)4/20/2000 12:13:00 PM
From: im a survivor  Respond to of 35685
 
<<I'm sorry you took it so personally, but I do think you should have emphasized the speculative nature of IARC, (which you did not do until your accusatory response) rather than just praising it as a ground floor opportunity in the same sort of language you used when it was at $23.

Tell the whole story. I feel you owe that to the Porch - maybe you do not.>>

Tell the whole story ???? Listen here chief, I am not going to degrade the porch by getting into a pissing match with you. Bottom line is this...you want the whole story, then go read it for yourself chief...the proof is in the pudding. I'll go back and show you a $hitload of posts to people telling them how speculative it is and that as much as I like it, I have a hard time recommending it. But to be honest with you...I have nothing to proove to you or anybody else......

As I said, I suggest you take responsibility for your actions.