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 : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: Bernard Ng who wrote (8717)	11/4/2000 5:58:34 PM
From: Wayne Rumball	Respond to of 11130

Great TA Bernard. You need to take the train up here soon a teach me a little. I only get feelings about charts, might help if I could add some TA to that.

To: Bernard Ng who wrote (8717)	11/4/2000 6:14:22 PM
From: ChrisJP	Respond to of 11130

Hi Bernard, Yes the falling wedge which appears to be stabilizing at 3/8 is a good sign. I like your idea of waiting to see if they are gonna get de-listed. Yahoo puts their market cap at $9.5M+. I thought that even if the stock price were under $1 for 30 days, their may be other criteria that allows them to stay listed. Has anyone called a transfer agent to compare the current outstanding shares to the number reported in their last SEC filing ? Based on the chart pattern, that might be nice to know. BTW, I would be interested in a walkthrough of your analysis too. This is what I found in the 2 month chart, one nice falling wedge. The failure rate of falling wedge is 10%. 2% will fail after the breakout of the top trendline. The return rate has about 50%... so based on the current price, GLMC should at least hit $0.5 in the near future. The breakout should occur soon... upon 80% of the wedge to the apex... <ggg> I feel talking like PHANTOM$. Chris