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 : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (39766)	8/3/2001 3:44:15 PM
From: Sully-	Read Replies (1) \| Respond to of 65232

From: Drbob512 Friday, Aug 3, 2001 3:20 PM *** TA Update (intra-day) *** The market internals have improved over the past 2-3 hours, but you wouldn't know it by the indices. With this improvement, perhaps we will get a little bounce before the close. The Nasdaq TRIN is 1.77, with stochastics crossed down for it, and a/d went from worse than 1/2 to the current 15/21, up/down volume is 30/67 (was 1/4 and 1/3), on overall volume that is light at 1.1B shares, which is preferable over declines on heavy volume. The NYSE TRIN is 1.17, with a/d of 13/17, and up/down volume of 27/45, as those numbers have improved as well. But the weak day puts some doubt into whether this is just profit-taking or the beginning of something more ominous. The McCllelan Oscillator will turn down and it will be interesting to find out if it has turned negative or not. Monday is a critical day to determine the direction of the markets, as the bulls have lost some credibility with today's losses being greater than they wanted for a profit-taking day. ____________________________________________________________

To: Dealer who wrote (39766)	8/3/2001 3:51:42 PM
From: Timetobuy	Respond to of 65232

Yes but the reason I won't short it is because valuation doesn't necessarily mean it will come down. Ebay can always come out and declare a stock split. It's got enough mo mo's in it to send it higher and get the shorts to cover it. I rather hope it goes down and let someone else short it and take the risk of a short squeeze for me. If I don't get it at 30 or 40, it's ok. I'll just wait for earnings to catch up to it.