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.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Warpfactor who wrote (13178)	4/9/2002 4:17:54 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 23153

That's my twin brother...John Q Investor ;o) Haven't been around much but just checked in to see what's going on. Agree it looks like the market has been manipulated for quite awhile. Listen to the media and they swing from "pie in the sky" to "the sky is falling" (probably from too much pie) every few weeks. Bears on trading floors were said to be literally pulling their hair out yesterday because market didn't do what they wanted. Just hanging on to what I feel are good stocks and looking for more every few days. Environment probably stinks for trading but seems pretty decent for picking up companies that should be doing much better a year from now. Any stock Merril Lynch analysts downgrade tends to be a good candidate. They seem to either have the most consistent liars or the lowest "wall" between research and banking folks. They are good at calling bottoms with downgrades. Good luck trading this mess.

To: Warpfactor who wrote (13178)	4/9/2002 5:43:43 PM
From: kodiak_bull	Read Replies (2) \| Respond to of 23153

Warp: My buddy DB might be tied up doing something else. Your question on MRVL intrigued me so I hauled up a chart, and hope you don't mind if I think out loud here: stockcharts.com[h,a]dhclyyay[pb10!b50!b200!f][vc60][iut!Lk14!Lb14!Ld20!Lc3!Lf!Lh14,3!La12,26,9]&pref=G Your question was, is it a short candidate? Short answer, yes. I dunno what this company does, but the market environment isn't veddy good and the stock shows all sorts of signs of weakening. First there was the crash through the 10 day, then today it pierced the 50 day. If you can see it (if you're a subscriber) then you can see that the next level of DMA support is the 200 day. Look back a little while and see what pattern the stock made until it bounced twice off pretty good support at about 31. I haven't done a Fibon calc but I would guess if you just look at a 68% retrace of this last move you're at about 34. If you look at a larger move (which I haven't done, using just this standard chart) you'll find different levels of support. The other indicators (assuming you can pull them up off the site) show a pretty negative environment and nothing to indicate oversold or reversal yet. That little hammer we had yesterday, bullish though it was, also pierced the 50 day, so call that one a draw, imho. Bottom line, it's certainly not technically a long play here, so it's either a stay clear or a short. Now, let's get DB's opinion and see where I might have erred. Kb