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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: chic_hearne who wrote (41688)	11/29/2000 9:02:38 AM
From: Terry Whitman	Read Replies (1) \| Respond to of 436258

I don't know diddly about big blue's fundamentals or financial engineering, nor do I care to. Looking strictly at the chart I see several points of note. -It's been over a year and a half since it made a new high. -It's below the 200 AND 50 day moving averages. -It's poised on the bottom line of a wedge (or possibly a triangle). -The recent 30 million share puke day probably set only a short term bottom. - The volume has dropped off dramatically in the recent rally. siliconinvestor.com In conclusion- It appears ripe for a purge, and a break below the rising support line on increasing volume would be a confirmation of the puke happening. I would be a buyer after that 60 million share puke day.