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.

Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (6213)	5/29/2000 11:22:00 AM
From: James Strauss	Respond to of 13094

SHFL is another that has been identified in the same mode. I did short it at 15 and am waiting for it to break under 14 for a move down to 12. Opinion? Ken: A drop to 12.00 seems reasonable... The price just dropped below the 10 day MA... That's where the short termers say Adios... You might even get lucky with an an intraday drop to the 10.00 to 11.00 area on a market panic selling day as occurred on 4/17... Jim

To: Ken W who wrote (6213)	5/29/2000 5:08:00 PM
From: Gary105	Respond to of 13094

Hi Ken, SHFL has the TA characteristics I look for in a short but its fundamentals look good. Some recent examples of stocks tanking after violating a 50 d MA which was well above 200 d MA include itwo and sebl (this is retrospective, i would not do anything now on these), they also had and still have very high p/es. i am following newp - its 50d ma is well above 200d ma and a break below 50 d ma could be precipitous. also looking for more stocks with such characteristics (topping action and high p/e with little room for disappointment). i think after upcoming counterally we could see very negative summer. all imo.