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: kingfisher who wrote (13284)	4/15/2002 1:15:38 PM
From: kodiak_bull	Read Replies (1) \| Respond to of 23153

KF: I hope you don't mind if I jump in on MCL. I shorted this one earlier in the year and took a profit, but not as much as I wanted. You say you want to short Moore, then I see two possible theories on which to short it. First, that you will short on some sort of standard "revert toward the mean" approach. That could work, if you are nimble and the market cooperates. Problem is you are probably going to be limited in how much you can take out of this stock, since reversion toward rising DMAs will only get you so much, and even less as the process drags out (and DMA's continue north). Look at the chart. A reversion to the 10 DMA will get you, what, 20 cents? A reversion to the 50 DMA will get you $1.20 per share? Now look back over the past few months and see the trend? It's up, and there's nothing here to suggest that it's changed or changing its mind. How many times over the past few months did the price break through the 10 DMA and actually touch the 50 DMA? Not once since the 10 crossed above (bullish) the 50. So, the technical chart doesn't support you. stockcharts.com[h,a]dhclyyay[pb10!b50!b200!f][vc60][iut!Lk14!Lb14!Ld20!Lc3!Lf!Lh14,3!La12,26,9]&pref=G Second, you could short this stock based on the story, and the story is bleak. Moore has been trying to reinvent itself since the information revolution destroyed its core business. It now sells at more than 4 X book, and lost more than book value last year. From an FA/story point of view, it's a POS. My personal opinion is either be prepared to be very nimble or wait for the chart to catch up with the story. Solamente dos centavos, nada mas. Kb