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.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: t4texas who wrote (14749)	11/9/2002 10:57:00 AM
From: kodiak_bull	Read Replies (2) \| Respond to of 206325

Tex, When you say long term support for THC, you're not kidding. The last time this company traded at 9 (I had to use a monthly chart to find it) was 1995. In my world of TA, "support" and "resistance" only work because historically buyers and sellers have shown up at those levels and will show up again, or so the theory goes. The problem with going back 7 or 8 years to find a level on the chart is that, the farther you go back the weaker the support. The mutual funds and punters who bought THC in 1995 are very unlikely to revisit the stock; they may not even be alive, in either investment or biological terms. Now, 9 could be the place where it stops falling, or it could be north or south of that. I don't know. Fibo calculations and pitchforks will no doubt predict one thing or another, but I'm doubtful. To me, this name could get cut another third on Monday, or in half again. Or it could gap up a little and sell off. So many different things could happen that it's a sidelines play IMHO until things settle into a recognizable and safer pattern. Kb