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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: DanWebzster who wrote (24354)3/27/2001 6:42:49 PM
From: Sergio H  Respond to of 29382
 
Dan, today's bounce on MTNT was technically driven. Stock bottomed out hitting the lower Bollinger band yesterday. Some nice large block buying finally coming in.

MTNT has been selling off due to fresh short-selling created with the new financing.
biz.yahoo.com

The financers hedge their long position (convertible warrants) by shorting the stock. I am hopeful that the Spring launch of satellite radio lifts this stock to double digits.

Check out stockcharts.com for great charting as well as the quick scan tool, which includes stocks breaking the bottom Bollinger. This category presents some great trading opportunities, but don't go on the technicals only.

Sergio