SI
SI
discoversearch

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 : Investor's Business Daily -- Ignore unavailable to you. Want to Upgrade?


To: Doug Robinson who wrote (97)8/25/2000 12:15:34 PM
From: luis a. garcia  Read Replies (1) | Respond to of 164
 
Just describe one canslim exit strategy Oneill's book recommends....
luis
ps I will look at both stocks that were mentioned over the weekend when I have more time...



To: Doug Robinson who wrote (97)8/25/2000 4:18:21 PM
From: adairm  Read Replies (1) | Respond to of 164
 
Doug: The left side of BRCM's cup was formed back in March not July! July 17th was the first time the stock tested the old high. It failed to advance beyond the old high as sellers cashed out. The stock then formed a downward sloping handle on falling volume. The pivot point was formed on July 17th at 261 7/16.

What you are looking at is a little 'cup and handle' within the larger cup and handle formation!

The REAL cup and handle pattern runs from March 8 thru August 22. You will see that the base tracked a picture perfect W shaped double bottom.

The only flaw in the pattern is a relative lack of volume in the breakout on 8/22. The lack of volume is suspect, which makes this breakout susceptible to failure. Late August it's tough to get big volume.

But, I'm watching it closely, and whereas it might take a week to get the volume (after Labor Day) this cup and handle (March to present) is the formation we're looking for.

Adairm

I present this as one to watch



To: Doug Robinson who wrote (97)8/25/2000 4:31:13 PM
From: adairm  Read Replies (2) | Respond to of 164
 
Doug: I looked at MVSN, and I see the pivot point being $81 1/4. On 8/1/2000, it broke out on heavy volume. If you bought at 91, you were late, late, late. (You bought after it had risen 10%.

I'm not saying you haven't made money. But we're all trying to impove our skills.

Look longer term.

Adairm