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 : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (7933)	2/16/2001 2:47:22 PM
From: Jibacoa	Read Replies (1) \| Respond to of 13094

EVST: It is up 13.33% on volume of 14,900 and B/A 5/1 at present. Today's H ( 3 5/16) at 12.44 PM (Its hevier volume of 3,500 was a neutral trade at that level ) It has to close above the pretty good resistance there seems to be at the 3 7/16 area (Jan.25,26,27&Feb.1 intra-day Hs) As you said there may be some consolidation, but I am long and planning on buying more. RAGL Bernard

To: James Strauss who wrote (7933)	2/16/2001 3:46:29 PM
From: Jibacoa	Read Replies (1) \| Respond to of 13094

JIM: BINC had a small up-gap this morning. It is up only 1.98% on volume of 18,100 and with unfavorable B/A at present ( 1/25 )but it still looks interesting on the weekly chart. They had some small + earnings for the last Q and obtained patent protection for Tagatose in Japan back in December. There is a 13% short positions (1.02 million) with an average daily volume of 15 to 28K, it theoretically will take about a month and a half to cover <g> RAGL Bernard

To: James Strauss who wrote (7933)	2/16/2001 10:13:22 PM
From: Jibacoa	Read Replies (1) \| Respond to of 13094

JIM: FDY: Closed at the H for the day, up 9.09% on volume of 8,900. It sells around 0.20 of book value, reportedly(18)and at 0.05 of sales (61 million) The insiders hold 65% and have done some buying lately. Institutions 51%(about 140% of float) but have done some selling lately. The float is only 2.7 million and it is thinly traded with average daily volume around 15K. If it can close above the Jan.24 H of 4.18 it will break the downtrend coming from the double top at 11 in Jan. last year. It gave a buy signal today at 3.31 at 12.30PM on the 60 min. chart. RAGL Bernard

To: James Strauss who wrote (7933)	2/16/2001 10:37:47 PM
From: Jibacoa	Read Replies (1) \| Respond to of 13094

JIM: ITX: Although its average volume for the previous 10 days had been around 24K, today had an up-volume of 142,300 It seems has bottomed out at the 4.40 level.It needs to close above the Jan.4 H at 4.87, if it can do that it seems it will break the long downtrend coming from the May 99 H at 17.25 It sells around 0.4 of book and 0.10 of sales. Insiders hold 56% and institutions (which reportedly have done some selling lately) around 48% (110% of float)It has a 3% short ratio. It gave a buy signal on the 60 min. chart at the close of trading yesterday and it opened on an up-gap today, but the heaviest volume was around 10.30AM. I haven't bought because of the market's condition, but am keeping a close watch. What do you think ? RAGL Bernard

To: James Strauss who wrote (7933)	2/17/2001 11:54:58 AM
From: Bucky Katt	Read Replies (1) \| Respond to of 13094

The Fed - Armed and Dangerous?? From the speculativeinvestor site> "The cutting of official interest rates may or may not work to support the stock market and prolong the US expansion (or, at least, help sidestep a severe recession). However, contrary to popular opinion, interest rate cuts are not the Fed's main weapon - they are its first weapon. Another weapon in the Fed's arsenal is the power to reduce the reserve requirements of private banks - all the way to zero if deemed necessary. But this, once again, is not its most potent weapon. The Fed's most effective weapon, should all else fail and it finds itself fighting a losing battle against the forces of deflation, is its power to purchase loans and other assets from private financial institutions. The following passage, taken from Bob Woodward's book "Maestro", discusses the tactics contemplated by Greenspan and the Fed in the immediate aftermath of the 1987 stock market crash and highlights the extraordinary power of the US central bank. "They [the Fed] had the legal power to buy up the entire national and private debt, theoretically infusing the system with billions, even trillions, of dollars, more than would ever be necessary to restore liquidity and credit. Of course, the result of that would be Latin American-style inflation. In addition, there was an ambiguous provision in Section 13 of the Federal Reserve Act, the lawyers told Greenspan, that could allow the Fed, with the agreement of five out of seven members of its board, to loan to institutions - brokerage houses and the like - other than banks. Greenspan was prepared to go further over the line. The Fed might loan money, but only if those institutions agreed to do what the Fed wanted them to do. He was prepared to make deals. It wasn't legal, but he was willing to do it, if necessary. There was that much at stake. At that moment, his job was to do almost anything to keep the system righted, even the previously inconceivable." [emphasis added] When the US credit bubble eventually unravels, the major risk faced by the US will not be deflation - it will be hyper-inflation." Hmm, makes one wonder... ___________________________________________________________ From todays Barron's> "It's not at all clear, for one thing, that priming the pump like mad and slashing interest rates will quite do the trick against a downturn that's rooted in huge overcapacity brought on by a reckless capital-spending boom and a vastly overleveraged economy. None of us has been witness to the strange and more than a little unnerving sight of the Fed pushing on a string, but stick around and keep your eyes open." _________________________________________________________ "The stock market seemed too preoccupied with bad earnings to worry about sending Saddam a belated Valentine's Day greeting, which shows how mature and rational the market has become. Next thing you know, the market will yawn and go soberly about its business every time an analyst announces a change in his rating on a stock from "buy hysterically" to "accumulate with great abandon," or a company forecasts a 50% drop in quarterly earnings and gleefully reports only a 49.5% drop." ___________________________________________________________ This is where the market guru's come in, people are lost> The U.S. economic slowdown continued, leaving investors uncertain where to put their money. As a result, the average diversified U.S. stock fund was little changed, gaining a scant 0.1% the week ended Feb. 15, according to Lipper, the fund trackers.