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 : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Connor26 who wrote (586)	12/21/2000 2:45:10 PM
From: bobby is sleepless in seattle	Read Replies (1) \| Respond to of 5732

Connor, I'll respond to this later... excellent trade! I want to post a chart on beas to examine as i have not traded this since the big move last week...

To: Connor26 who wrote (586)	12/21/2000 4:55:28 PM
From: Susan G	Read Replies (2) \| Respond to of 5732

Hey Connor... Sometimes those milk cows get very frisky...and run like hell across the pasture LOLOL Those are the times I have the best fun being long - watching the shorts scramble to cover <g> Glad it worked out for the best for you though, you got near the high! It was very strong today every time I peeked. I rarely let the guru posts affect my judgement, as they are usually biased...their post often reflect their current position and the guru status causes others to play follow the leader...I follow my own instincts, as you know well LOL. I am currently long from 57 yesterday and didn't even trade it today as I had elderly relatives stop by UNEXPECTEDLY to see me today. After staying all day I finally got rid of them, sending them off to another relatives with a box of cookies for the road <g> Looking at a candlestick 5 minute chart, you'll see how BEAS was a perfect short right after 1:30 at the double dojis. Or fojis as we call them in the room <gggg> I did pick up a few longs at the close though, bottom fishing... : ) Thought you might like to know a trade went through for BEAS after hours at 60 1/2, for 1,065,000 shares. And... IBD put BEAS at #7 on the list of top companies being accumulated by mutual funds right now - accumulation by funds up +106 since the last period. The rest of the list, in order: MXIM, LLTC, SNMA, WAT, LNCR, CMVT, BEAS, FLEX, CAM, INTU. None of the other companies listed had an increase since last period of more than 66%.

To: Connor26 who wrote (586)	12/21/2000 5:58:03 PM
From: Susan G	Read Replies (1) \| Respond to of 5732

BEAS stuff to confuse and confound <g> The high today was right at the bottom of the gap down from yesterday morning, so there is now gap resistance there - right at 65. Couldn't break the gap today so that is why it sold off from there. As well as the nas was sinking at that point. Lots of sellers appeared there, as there are people trapped at higher prices due to that gap down yesterday. On the daily there is a doji from monday, at 75-76, so that is short term resistance. Still making lower highs - since the October top at 89 1/2. 59ish is still very strong support, as witnessed today. Below that, is the short term support it found yesterday and today, 56 1/16 yesterday and 56 1/8 today. Interesting how it found support at the same spot both days - right at the 200, although it overshot a tiny bit. Better than the end of november, when it plunged right through. If that support holds, then it could be starting to make higher lows short term. That reverse head and shoulders that I mentioned could be forming a few days ago failed on monday as it never even made it to the neckline. The possible cup and handle failed at that point also... Unless it does a quick turnaround, that could be a macd sell signal on the daily, but the stochastic just went down to oversold today, hasn't been there since the end of november, the stock was very overbought. The ADX is hard for me to read...it's very low, so there is no huge trend change on the way tomorrow <g>...but if you compare it to a point in time with the almost identical patter on 10/29...it was about to take a quick dip and then bounce back up. ADX is a slow indicator though, so the quick dip could very well be the one we just had. Since the beginning of the month, volume has picked up and remained there, so BEAS is now trading almost 2x the average volume it had a few months ago. All this stuff becomes meaningless when you consider the big picture, the health of the nas. Basically I think if the nas holds up, BEAS will strengthen and move up. If the compx tanks, it's down with the ship and the rest of the folks on the HMS Titanic we are riding on! I'm very happy with my recent buys at 49 and 57, (as of today LOL) so unless it takes out that 56 1/8 short term support, I'll hang on to my life preserver and ride the waves : ) If it moves up I'll buy more. If it breaks support, I'll sell my longs and I will short the hell out of it with help from both trading rooms I'm sure <g>