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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?


To: Bob Kim who wrote (23629)1/24/2001 2:49:08 PM
From: TraderMERL  Read Replies (1) | Respond to of 28311
 
Technical Analysis:
According to dow theory esp the concept of line, a stock will often form a trading range at a market bottom where the stock fails to make lower lows but moves back and forth on high volume. This translates to the movement of stock from weak hands to strong knowledgeable hands. INSP did not violate its prior low which is a good sign. It could be in the process of forming a double bottom although the criteria do not fit all the double bottom criteria. todays run was a good sign. Generally the sign of reversal is a failure to make lower lows confirmed by making of higher highs. The second part yet has to happen.



To: Bob Kim who wrote (23629)1/24/2001 2:50:47 PM
From: Bosco  Read Replies (1) | Respond to of 28311
 
<ot>Hi Bob, if memory serves [worrying about the mkt has caused serious neuron degeneration <g>,] Mr Tom Kurlak, the prince, has been high on MU circa 1995 when the semi cycle came crashing down. But you can't say he is not entertaining. Boston Chicken has hit a $42 when ML [if I remember correctly] did the bond deal [prefers, really.] Well, last year MCD paid less than $400MM for the whole of Boston Market, carcass and all. Even the prefer holders don't get a dime!

Ultimately, while I think there are still conscientious analysts out there, it is more important to learn about their rationale between a stk rating than to get a number from them w/o questioning how they arrive at that number. If one buys the story, the number means little. If one doesn't buy the story, the number means little. Either way,. the number means little

best, Bosco