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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (3621)	11/5/2000 10:02:22 PM
From: Teresa Lo	Read Replies (1) \| Respond to of 8925

MSS: "...Last Friday, a small brokerage house lift the price target to $50...not being a TA person, would appreciate your take on the continuation of the run in (MSS)and the feasibility of this target price." First of all, MSS is an EXTREMELY ILLIQUID stock, so you have to be careful in the first place. Since you know all about the fundamentals of the stock, you probably love it a lot, but this rapid rise is giving you some worries: ispeculator.com Analysts love to project price targets when a stock is at an all-time high, because it's comfortable and easy, and investors love to hear this type of thing. Remember QCOM at a few day's before the top? ispeculator.com From a purely technical standpoint, the monthly chart of MSS has just hit a round number like 30 and the ADX is now 70. This is a parabolic move: ispeculator.com Intraday, on the 65-minute chart, it is also very stretched to the upside, so you should expect this stock to pullback shortly, and protect yourself accordingly: ispeculator.com Research Link: biz.yahoo.com Shows that there are only 6 million shares in the float. An article on parabolic moves: ispeculator.com Teresa