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 : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: indexit who wrote (6242)	9/23/2000 5:30:37 PM
From: flyeguy99	Read Replies (1) \| Respond to of 100058

Indexi, re: MSFT, Supreme court decision is due on Friday, first week in Oct at the latest... Fly

To: indexit who wrote (6242)	9/23/2000 7:57:25 PM
From: flyeguy99	Respond to of 100058

Indexit, Re: slippage, I find that the larger my lot sizes on NYSE stocks the longer I have to wait to get filled, especially when I go above 5000 shares. When I trade GLW, HWP or EMC with smaller lot sizes, executions are almost instant. I usually go with limit orders about 1/8th above the ask instead of market orders on NYSE? if not filled I cancel and chase another 1/8th, I think when the specialist sees a market order come up he knows he can play with it, and knows you can't cancel it. Its also almost impossible to short on the NYSE when the stock is in freefall, the brokers on the floor have the homefield advantage.. Fly

To: indexit who wrote (6242)	9/24/2000 3:10:00 AM
From: iowamann, Spam Queen	Read Replies (1) \| Respond to of 100058

Indexit, word on the street is that INTC is a good short and should drift into the 30's, but of course you follow this closer than I do. Also, watch for a break out of IBM, could bounce beyond 130 real easily. 9 billion military contract on its way, but I don't know if that's already been priced into the stock. Also, it's my bet you could make money playing microsoft in both directions. Possible bungee action while everybody tries to figure out what's happening.

To: indexit who wrote (6242)	9/24/2000 12:25:40 PM
From: ronz28	Respond to of 100058

Indexit- MSFT My perspective is we should be violating the long term MSFT support line about now to take out the long’s stops before an uptrend starts prior to the apex of the descending wedge. An 8% violation of the support line now would take us to about 55. (I see a long term support line coming from about the March 10, 1999 low of about 79 3/4, with numerous tests of the line including April 20, 2000 low forming the base of a descending wedge with apex of about 59 at about Nov 8th. The resistance/top line of the wedge starts at about the 12/27/99 high of 119 1/4 with numerous tests including 7/7/2000 at 82 7/8.) Daily MSFT stochastics in a down trend since 6/20. Friday’s price gap filled near resistance line on the hourly charts. Funds have poor performance in MSFT so they may be selling by Sep 30th due to worries about outcome of DOJ case and lawsuits. NAS is about to hit its resistance line in downward trend again. To me, it looks like a short term MSFT short should work. -ron